Naya Nepal Laghubitta's 250% right issue closes today; Paid-up capital to reach Rs 8.40 crore after adjustment

Today is the last day to apply for the 250% right shares of Naya Nepal Laghubitta Bittiya Sanstha (NNLB).

Naya Nepal Laghubitta Bittiya Sanstha has been issuing 6 lakh unit right shares to its shareholders from Shrawan 27 till Bhadra 31, 2075. The microfinance company is issuing 250% right shares at a par value of Rs 100 per share.

For the purpose of the right share issuance, the shareholders register book was closed on Shrawan 07, 2075 i.e. the shareholders holding the shares of the company till Shrawan 06, 2075 can apply for the right shares.

NMB Capital has been assigned as the issue manager for the right issuance.

ICRA Nepal has assigned Grade 5 rating to the right issuance indicating poor fundamentals.

After the adjustment of the right shares, the paid up capital of the microfinance will reach Rs 8.40 crore.