NEPSE Adjusts Stock Price of NMB Microfinance

Oct 24, 2019 11:56 AM Merolagani

Nepal Stock Exchange (NEPSE) has adjusted the stock price of NMB Microfinance (NMBMF) on October 24  following the book close for the upcoming 150 percent right shares.

NEPSE adjusted the stock price at Rs 502.

NMB Laghubitta is issuing 150 percent right shares from November 10. The company is issuing 2,430,093.75 units of right shares at a ratio of 10:15.

The company has appointed Sunrise Capital as its issue manager. The interested existing shareholders can apply for the shares from Sunrise Capital at Kamalpokhari-Kathmandu and all branch offices of Sunrise Bank, as well as, all ASBA approved BFIs and meroshare software.

The issue will close on December 15. ICRA Nepal has assigned Grade 4 rating to the issue indicating below average fundamentals.

 


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