Nerude Laghubitta to issue 50% (9 lakh units) Right Shares from Chaitra 14; offer ends on Baisakh 17

Nerude Laghubitta Bikas Bank Limited (NLBBL) will be issuing 2:1 (50%) right shares to its existing shareholders from Chaitra 14, 2073. According to the notice published by the microfinance company today, the rights issue will remain open for 35 days before closing on Baisakh 17, 2074. Nerude Laghubitta will be issuing a total of 9,00,000 unit right shares at the face value of Rs 100. The book closure date for 50% right issue has been set for Falgun 30, 2073. Only the shares registered one trading day ahead of the book closure date i.e. Falgun 26, 2073 are eligible for the right shares. NCM Merchant Banking Limited is the issue manager for the right issue. Interested shareholders can collect the application forms from NCM Merchant, Kamalpokhari, Kathmandu, and head office of Nerude Laghubitta Bikas Bank in Biratnagar, Morang. The application forms can also be downloaded from their respective websites. Nerude Laghubitta Bikas Bank’s 10th Annual General Meeting (AGM) going to be held on Chaitra 31, 2073 will be endorsing 20% bonus shares. The bank has authorized capital of Rs 40 crore. Its public-promoter share structure stands at 51:49 ratio. Nerude Laghubitta had earned net profit of Rs. 4.65 crore in the second quarter of the current fiscal year 2073/74. After issuance of bonus and right shares, its paid up capital will reach Rs 30.6 crore.