SEBON adds 100% right shares of Womi Microfinance under preliminary review; company endorsed issue of 10.10 Lakh units as rights

The proposed right issue of Womi Laghubitta Bittiya Sanstha (WOMI) has been added under preliminary review by Securities Exchange Board of Nepal (SEBON).

A Special General Meeting (SGM) held on 6^th Falgun, 2075 had endorsed the issue of 100% right shares to the existing shareholders of the microfinance company. The microfinance company will be issuing shares worth Rs.10.10 Crore after receiving final approval from the board.

Siddhartha Capital Limited has been appointed as the issue manager for the right share issuance.

The current paid up capital of the company stands at Rs.10.10 Crore which will increase to Rs.20.20 Crore after the right share issuance.

Recently, the trading of WOMI had been halted as the company signed the merger and acquisition Memorandum of Understanding (MOU) with Nagarik Laghubitta Bittiya Sanstha (NAGARIK).