Naya Nepal Laghubitta to issue 250% right shares from Shrawan 27; Paid up capital to reach Rs 8.40 crore

Date: 2018-07-22


Naya Nepal Laghubitta Bittiya Sanstha is issuing 6 lakh unit right shares to its shareholders from Shrawan 27 till Bhadra 31, 2075. The microfinance company is issuing 250% right shares at a par value of Rs 100 per share.

For the purpose of the right share issuance, the shareholders register book was closed on Shrawan 07, 2075 i.e. the shareholders holding the shares of the company till Shrawan 06, 2075 can apply for the right shares.

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

ICRA Nepal has assigned Grade 5 rating to the right issuance indicating poor fundamentals.

After the adjustment of the right shares, the paid up capital of the microfinance will reach Rs 8.40 crore.