Reliable Microfinance issuing 2.82 lakh units (50%) right shares from today; Offer ends on Shrawan 29

Reliable Microfinance Bittiya Sanstha Limited (RMFL) is issuing 2,82,500 units right shares to its shareholders from today (Asadh 25, 2074). The rights issue will remain open for 35 days before closing on Shrawan 29, 2074. The book closure date for this right share issue is set for Asadh 16, 2074 which means that interested investors should have bought the shares of RMFL on or before Asadh 15, 2074 to be eligible for applying in this right share. Civil Capital Market Limited is the issue manager for this rights issue. Interested shareholders can collect application forms from Civil Capital Market, Sundhara, Kathmandu, and from all branches of Reliable Microfinance and Reliable Development Bank Limited. The microfinance company’s paid up capital currently remains at Rs 5.65 crore, and after the issuance of this rights share, its paid up capital will reach Rs 8.47 crore. Its authorized capital stands at Rs 10 crore. The last traded price of RMFL stood at Rs 1940 as of July 6, 2017). Also See: List of all ongoing right shares