Only 7 trading days left to clinch 50% right share of Swarojgar Laghubitta; Book closure on Jestha 17

Swarojgar Laghubitta Bikas Bank Limited (SLBBL) had received approval from SEBON to issue right shares in the ratio 100:50 on Jestha 5, 2074. The microfinance company has announced book closure for the rights issue. As per the notice published in NEPSE today, the register of their shareholders will close on Jestha 17, 2074. Only those shareholders having shares one day ahead of the book closure date i.e. till Jestha 16, 2074 are eligible to apply for the right shares. Starting today, shareholders who buy SLBBL shares within 7 days are eligible to apply in this right issue. NMB Capital Limited is the issue manager for right share of Swarojgar Laghubitta . SLBBL will be issuing a total of 349,993.60 units right shares worth Rs 3.49 crore, each to be floated to its existing shareholders at par value of Rs 100 per share. Its paid up capital stands at Rs 6.99 crore. After issuance of this 50% right share, its paid up capital will reach Rs 10.48 crore. Swarojgar Laghubitta Bikas Bank has earned net profit of Rs 2.03 crore in the third quarter of the FY 2073/74. Established in July 2009 as a 3-district level class D microfinance institution, SLBBL now has presence across 29 branches in 10 districts. Its promoter – general public shareholding structure stands at 70% – 30%.