Samata Microfinance to issue 50% right shares from today; Paid up capital to reach Rs 4.74 crore
Wed, Jul 11, 2018 1:10 AM on Dividend, Bonus & Rights, Latest, Stock Market,
Samata Microfinance Bittiya Sanstha Limited (SMATA) is issuing 50% right shares for its shareholders from Ashadh 27, 2075 i.e. today. The right issue will last till Shrawan 29, 2075.
The microfinance company is issuing 1,89,600 unit right shares at a par value of Rs 100. The company’s paid up capital will reach Rs 4.74 crore after the right share issue.
The book closure date for the right share issuance had been set on Ashadh 12 i.e. the shareholders holding the shares of SMATA till Ashadh 11 will be eligible to apply for the right shares.
NIBL Ace Capital has been assigned as the issue manager for the right issue.
SMATA had earned net profit of Rs 56.72 lakh in the third quarter of the ongoing fiscal year. LTP stands at Rs 1377.
