First microfinance set to float 50% or 2:1 right share from 18 Falgun 2074

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First microfinance

First microfinance Laghubitta Bittiya Sanstha limited (FMDBL) set to float 2:1 or 50% right s hare to its shareholders from 18 Falgun 2075.

As per the notice, the right share will be remains open for 35 days. This offer will be closed on 23 chaitra 2074.

First microfinance will issue 22,81,313 unit of right share at the face value of Rs.100.

It has set to book closure date on 9 Magh 2074. Those shareholders who get registered in book or buy shares within 8 Magh 2074 will be eligible for applying right shares.

The issue manager for this right share is Global IME capital limited.

Currently its paid up capital is 45.62 crore. After 50% right share, paid up capital will reached to 68.43 crore.

Eligible shareholders can apply for right share from Global IME Capital & braches of Globalime bank, FMDBL & from C-ASBA approved BFIs.

It had posted 2.41 crore net profit in Q2 of FY 2074/75.

Last trading price stood at Rs.571.