Right shares of Grameen Bikas Laghubitta opens from today; eligible shareholders can apply till Jestha 30

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Fri, May 10, 2019 4:59 AM on Dividend, Bonus & Rights, Latest, Stock Market,
Right shar...

Grameen Bikas Laghubitta Bittiya Sanstha Limited (GBLBS) is issuing 32,75,000 units right shares (1:0.5) ratio to its existing shareholders from today (Baisakh 27, 2076). The last day for this right issue is on Jestha 30, 2076.

The book closure date for right share purpose was on Chaitra 29, 2075. Investors holding shares of the company till Chaitra 28 will be eligible for right shares.

The microfinance company is  issuing right shares in the ratio of 1:0.5 or 50% at par value. The company will be issuing 32,75,000 units as right shares to raise a capital worth Rs 32.75 crore.

NIBL Ace Capital Limited has been appointed as the issue manager.

The existing paid up capital of company is Rs 65.50 crore and after the 50% right shares issue the paid up capital will rises to Rs 98.25 crore.

Also see,

50% right share of Grameen Bikas Laghubitta Bittiya Sanstha opens from tomorrow; Things to know before investing

Right share offer letter