Mirmire Microfinance's 100% right shares to close today; Paid-up capital to reach Rs 10.38 crore after adjustment

Date: 2018-08-16

Source: ShareSansar

The 100% right issue of Mirmire Microfinance Development Bank Limited (MMFDB) is closing today.

MMFDB is issuing right shares in the ratio 1:1 for its shareholders from Ashadh 27, 2075. The right issue will last till Shrawan 29, 2075 i.e. today.

The microfinance company is issuing 4,50,000 unit right shares at a par value of Rs 100.

The book closure date for the right share issuance had been set on Jestha 18 i.e. the shareholders holding the shares of MMFDB till Jestha 17 are eligible to apply for the right shares.

NIBL Ace Capital has been assigned as the issue manager for the right issue.

The paid-up capital of the microfinance company will reach Rs 10.38 crore after the adjustment of 100% right shares and recently declared 30.80% bonus share.

ICRA Nepal has assigned Grade 4 rating to the right issue of (MMFDB) which indicates below-average fundamentals.