SEBON approves to issue right shares of First Microfinance, Kamana Sewa Bikas Bank & Asian Life Insurance

Securities Board of Nepal (SEBON) has given final approval to issue right shares of First Microfinance Development Bank Limited (FMDBL), Kamana Sewa Bikas Bank Limited (KSBBL) and Asian Life Insurance Company Limited (ALICL).

Now, FMDBL will be issuing 22.81 lakh units right shares worth Rs 22.81 crore to its existing shareholders at a face value of Rs 100 per share. Global IME Capital Limited has been assigned as the issue manager for right share issue. Its paid up capital will reach to Rs 68.43 crore after 50% right share adjustment from existing Rs 45.62 crore. It had posted net profit of Rs 2.41 crore in the first quarter of the FY 2074/75. Its LTP stood at Rs 837 as of last trading day. Likewise, KSBBL will be issuing 30.94 lakh units right shares worth Rs 30.94 crore to its existing shareholders at a face value of Rs 100 per share. NMB Capital Limited has been assigned as the issue manager for right share issue. Its paid up capital will reach to Rs 2.36 arba from existing Rs 2.05 arba after adjustment of 15% right shares. To meet the capital requirement of Rs 2.5 arba, it should hike its capital by Rs 14 crore (around 5.93%). As per the notice published in NEPSE today, the book closure date has been set on Magh 3, 2074. Thus, only those shareholders holding their shares till Magh 2, 2074 i.e. one day ahead of the book closure date are eligible to apply right shares. It had earned net profit of Rs 20.61 lakh in the first quarter of fiscal year 2074/75. Its LTP stood at Rs 174 as of last trading day. Similarly, ALICL will be issuing 40.27 lakh units right shares worth Rs 40.27 crore to its existing shareholders at a face value of Rs 100 per share. NIBL Capital Markets Limited has been assigned as the issue manager for right share issue. Its paid up capital will reach to Rs 1.21 arba from existing Rs 80.55 crore after adjustment of 50% right shares. To meet the capital requirement of Rs 2 arba, it should hike its capital by Rs 79 crore (around 65%). It had earned net profit of Rs 1.58 crore in the first quarter of fiscal year 2074/75. Its LTP stood at Rs 1,375 as of last trading day.