SEBON approves to issue 70% right shares of Suryodaya Laghubitta; Paid up to reach Rs 7.56 crore

Securities Board of Nepal (SEBON) has given final approval to issue 70% right shares of Suryodaya Laghubitta Bittiya Sanstha Limited (SLBS). Now, SLBS will be issuing 2.80 lakh unit (70%) right shares of worth Rs 100 per share to its shareholders. By issuing right shares, SLBS will collect around Rs 2.80 crore. Thus, Paid up capital of SLBS will reach to Rs 7.56 crore from existing 4.76 crore (including 19% bonus shares from the net profit of FY 2073/74). Global IME Capital Limited has been assigned as the issue manager. SLBS had earned Rs 47.71 in the first quarter of the FY 2074/75. Its LTP stood at Rs 1,269 as of last trading day.