Unnati Microfinance allots its 20% right shares to the valid applicants; Remaining 8,895 units to be sold via auction soon

Unnati Microfinance Bittiya Sanstha Limited (UMB) has completed the allotment of its 20% right shares.

The microfinance company had floated 1,10,000 unit shares as right shares for its shareholders. Out of the issued units, the company has allotted 1,01,105 units to the valid applicants.

Remaining 8,895 unit shares will be sold via auction in the future.

Siddhartha Capital Limited was appointed as the issue manager for the this right issuance.

The existing paid up capital of UMB is Rs 5.5 crore. The microfinance has already offered 40.50% bonus share to its shareholders for FY 2074/75. After the endorsement of 40.5% bonus share and 20% right share the paid up capital of the company will be Rs 8.8275 crore.

The last trading price of UMB is Rs 1120 traded on April 16.