Asha Laghubitta SGM sanctions 100% right issue; paid up capital to reach 14 crores

Asha Laghubitta has decided to upsurge its authorized capital of Rs 10 crore to Rs 20 crore. The decision was sanctioned by the Special General Meeting (SGM) held on 17^th Chaitra. The meeting also approved the agenda to issue 100% right shares to its existing shareholders in order to increase the paid up capital of Rs 7 crore to Rs 14 crore.

Asha Laghubitta has a customer base of 28.5 thousand people with deposit collection of Rs 18.02 crores and loan extension of Rs 1.01 arba. The microfinance has been providing service to over 23 districts from 35 branches.