Global IME Laghubitta To Close Book For Right Issue

Jul 10, 2019 12:45 PM Merolagani

Global IME Laghubitta (GILB) is set to close its book on July 17 for the upcoming 100 percent right issue. Thus the shareholders registered in its book till July 16 will be eligible to apply for the right issue.

The company will issue 1,104,575 units of right shares to its existing shareholders. After the right issue, the paid-up capital of the company will reach Rs 220.91 million.

The 6th AGM of the company held on November 15, 2018 endorsed a proposal of issuing the right issue.

In the third quarter of the current FY, Global IME Laghubitta earned net profit of Rs 40.8 million and has EPS of Rs 49.28.

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