National Microfinance to issue 50% right share

November 24, 2019 | Investopaper

National Microfinance Bittiya Sanstha Limited has announced that it will issue 2:1 right share to its shareholders. The board meeting of the microfinance held on Mangsir 6 has made the decision about the right issue.

The company has planned to float 50 percent right shares on the capital after the current 75 percent bonus share. At current, the capital stands at Rs. 15.09 crores. National Microfinance has proposed a 75 percent bonus share to the shareholders from the fiscal year 2075/76. After the inclusion of this bonus share, the capital will reach Rs. 26.41 crores.

Therefore, the company is trying to sell the right share worth Rs. 13.20 crores to its shareholders. After the right issue, the capital will rise to almost Rs. 40 crores.

National Microfinance will issue the right share if approved by its upcoming Annual General Meeting (AGM).


Investopaper is a financial website which provides news, articles, data, and reports related to business, finance and economics.

Leave a Reply

Your email address will not be published.

error: Content is protected !!