Grameen Bikas Starts Issuing  50% Right Shares

May 10, 2019 Merolagani

Grameen Bikas Laghubitta Bittiya Sanstha (GBLBS) has started issuing 50 percent right shares from May 10. The company is issuing 3,275,000 units of right shares at a ratio of 1:0.5 to its existing shareholders. The issue will close on June 13.

The company has appointed NIBL Ace Capital as its issue manager. The interested shareholders can apply for the right issue from all C-ASBA approved BFIs and through meroshare software.

Moreover, the shareholders can apply for the shares from NIBL Ace Capital at Lazimpat and Laldurbar- Kathmandu, Lagankhel-Lalitpur, Chipledhunga-Pokhara, Aadarshanagar-Birgunj, Trafficchowk-Butwal and Golchha chowk- Biratnagar and designated branches of Grameen Bikas.

For the right issue, the company closed its book on April 11, thus, the shareholders registered in its book till April 10 is eligible to apply for the right issue.

The company has current paid-up capital of Rs 655 million that will increase to Rs 982.5 million after the right issue.

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