Mithila Laghubitta Extends Deadline of 50% Right Issue

Mar 06, 2019 Merolagani

Mithila Laghubitta Bittiya Sanstha (MLBBL) has extended deadline of its right issue. The company that started issuing 50 percent right shares from January 31 was scheduled to close it on March 6. However, the company extended the deadline by one week till March 13.

The company is issuing 329,889.69 units of right shares at a ratio of 2:1 to its existing shareholders as per the decision of its 9th AGM.

The company closed its book on January 15 for the right issue, thus, the shareholders registered in its book till January 14 are eligible to apply for the right issue.

The company has appointed Kathmandu Capital Market as its issue manager. The interested shareholders can apply for the shares from Kathmandu Capital Market at Kamaladi-Kathmandu, all branches of Mithila Laghubitta Bittiya Sanstha and all C-ASBA approved BFIs and through meroshare software.

Mithila Laghubitta announced of distributing 10.45 percent stock and 0.549999 percent cash dividend for tax purpose to its shareholders upon approval from NRB and its upcoming AGM.

Presently, the company has a paid-up capital of Rs 65.977 million that will reach Rs 105.861 million after the distribution of bonus shares and issuance of 50 percent right issue.


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