Unnati Microfinance to issue 20% Right Shares from Tomorrow

Feb 24, 2019 Merolagani

Unnati Microfinance Bittiya Sanstha (UMB) is set to issue 20% right shares from tomorrow,  February 25. The company is issuing 110,000 units of right shares at a face value of Rs 100 to its existing shareholders. The issue will close on March 31.

The company has appointed Siddhartha Capital as its issue manager. The interested investors can apply for the right shares from all C-ASBA approved BFIs and through meroshare software as well as Siddhartha Capital at Narayanchaur, Naxal-Kathmandu and all branches of Unnati Microfinance Bittiya Sanstha.

Regarding the right share, the company closed its book on January 30, thus, the shareholders registered in its book till January 29 are eligible to apply for the right shares.

Unnati Microfinance has proposed of distributing 42.63 percent dividend including 40.50 percent bonus share and 2.13 percent cash dividend for tax purpose to its shareholders.

Upon approval from NRB and the upcoming AGM of the company, the company will distribute the dividend to the shareholders.

After distribution of the proposed dividend and right issue, the paid-up capital of the company will reach Rs 88.2 million.

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