Swadeshi Laghubitta’s book closure on Bhadra 25 for 100% right share issuance; Paid-up capital to reach Rs 23 crore

Swadeshi Laghubitta Bittiya Sanstha Limited (SDESI) has announced its book closure date for issuance of 100% right shares.

The microfinance company will be issuing right shares in the ratio of 1:1 for the shareholders holding the shares till Bhadra 24, 2075. As per the notice published in NEPSE, the shareholders register book of the company will remain closed in Bhadra 25, 2075.

The issuance of 11.50 lakh unit right shares will raise the paid-up capital to Rs 23 crore.

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

Care Ratings Nepal Limited has assigned Grade 4 rating to the right share issue of the microfinance indicating below average fundamentals.