RSDC Laghubitta to issue 200% (23 lakh units) right shares from Ashwin 2; Offer ends on Kartik 5

RSDC Laghubitta Bittiya Sanstha Limited (RSDC) will be issuing 1:2 (200%) right share to its shareholders from Ashwin 2, 2074. As per notice published by the microfinance company today, the rights issue will remain open for 35 days before closing on Kartik 5, 2074. The book closure date for the rights issue is set for today (Bhadra 16, 2074). Only those shares registered one trading day ahead of the book closure date i.e. till  yesterday (Bhadra 15, 2074) are eligible to apply for the right shares. RSDC will be issuing 23,00,000 units right shares at a par value of Rs 100 per unit. NIBL Capital Market Limited is the issue manager for this right issue. RSDC’s current paid up capital remains at Rs 11.50 crore. After issuance of this 200% right share, its paid up capital will reach Rs 34.50 crore. It has authorized capital of Rs 34.50 crore. Interested applicants can collect application forms from NIBL Capital Market Limited, Lazimpat, Kathmandu and from designated branches of Nepal Investment Bank and RSDC Laghubitta . RSDC Laghubitta’s 3^rd AGM held on Chaitra 12, 2073 had endorsed 15% bonus share to its shareholders from the profits it earned in the FY 2072/73 and issuance of 200% right shares to its shareholders to increase its paid up capital to Rs 60 crore by Asadh 2075. RSDC has earned net profit of Rs 1.96 crore in the fourth quarter of the FY 2073/74.