SEBON Approves Right Issue of 2 Microfinance Companies

Jun 03, 2018 Merolagani

SEBON has approved 100 percent right issue of Swarojgar (SLBBL) and 50 percent right issue of Samata Microfinance (SMATA). The board approved Rs 141.4 million worth of right shares of the two institutions on Friday, June 1.

Following the approval, Swarojgar will issue 1,224,977.60 units of right shares through its issue manager NMB Capital. Presently, Swarojgar has a paid-up capital of Rs 122.4 million which will reach Rs 244.9 million after the right issue.

Similarly, Samata Microfinance will issue 189,600 units of right shares through its issue manager NIBL Ace Captial. The paid-up capital will reach Rs 56.8 million from Rs 37.9 million after the right issue.

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