SEBON approves 20% right issue of Unnati Microfinance; Paid-up capital to reach Rs 8.83 crore with 20% right shares and 40.50% bonus shares

  • -ShareSansar
Thu, Jan 10, 2019 11:43 AM on Dividend, Bonus & Rights, Latest, Stock Market,
SEBON appr...

Securities Board of Nepal (SEBON) has provided approval to the 20% right issue of Unnati Microfinance Bittiya Sanstha  Limited (UMB).

The microfinance company will be issuing 1,10,000 unit shares for a par value of Rs 100.

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

After the adjustment of 20% right issuance, the paid-up capital of the microfinance company will reach Rs 6.60 crore. Recently, the company has also proposed 40.50% bonus shares which will raise its capital to Rs 8.83 crore.

The LTP of the company stands at Rs 1,824 as on Poush 25, 2075.