Swadeshi Laghubitta’s 100% right shares opens from today; Paid-up capital to reach Rs 23 crore after adjustment

Tue, Oct 9, 2018 7:12 AM on Dividend, Bonus & Rights, Latest, Stock Market,
Swadeshi L...

Swadeshi Laghubitta Bittiya Bittiya Sanstha (SDESI) will be issuing 11.50 lakh unit right shares for its shareholders from today. The issue will be closed on Kartik 26, 2075.

The microfinance company is issuing 11.50 lakh unit shares at par value of Rs 100.

The shareholders holding the shares of the microfinance company till Bhadra 25, 2075 are eligible to apply for the 100% right shares of the company.

NIC Asia Capital has been appointed as the issue manager for the right issuance.

The eligible shareholders of the company can apply for the right shares through submission of application through banks and financial institutions with ASBA services or through Meroshare.

The company’s capital will increase to Rs 23 crore after the adjustment of 100% right shares.

NEPSE has recently suspended the trading of SDESI in the secondary market following its cancellation of proposed 10% cash dividend.