Womi Microfinance to auction unsold right shares

Sep 09, 2019 09:54 AM Merolagani

The 100 percent right shares issued by Womi Microfinance Bittiya Sanstha (WOMI) from July 25 to August 28 has gone undersubscribed by 123,213 units of shares. The company issued 1,010,880 units of right shares in which 887,667 units were subscribed.

The unsubscribed shares will soon come to auction said Siddhartha Capital, issue manager of the company.

Womi Microfinance issued the right shares to the shareholders registered in its book till July 11 that was allotted on September 6.

After the right issue, the paid-up capital will reach Rs 202.1 million. The company that is in merger process with Nagarik Laghubitta has called out SGM on September 19 to finalise the merger proposal.

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