Swarojgar Laghubitta to issue 100% right shares from today; 12.24 lakh unit shares to be floated for its shareholders

Swarojgar Laghubitta Bittiya Sanstha Limited (SLBBL) is issuing 100% right shares for its shareholders from Shrawan 13 i.e. today. The issue will close on Bhadra 17, 2075.

The microfinance company is issuing 12,24,577.60 unit shares at a par value of Rs 100.

NMB Capital has been appointed as the issue manager for the right share issuance.

The book closure for the right share issuance was set on Ashadh 28, i.e. the shareholders holding shares of the microfinance company till Ashadh 27 can apply for the right shares.

ICRA Nepal has assigned Grade 4+ rating to the right issue of SLBBL which indicates below average fundamentals.

After the adjustment of the 1:1 right shares, the paid up capital of the company will reach Rs 24.48 crore.