First Microfinance 50% right issue commencing from today; Check your eligibilty here

First Microfinance is issuing 22,81,313 unit shares at a ratio 2:1 from today. The eligible shareholders can apply up to 23rd of Chaitra. Company had set a book close date of Magh 8th, 2074 for right issue. Shareholders owning the shares at the time of book close are eligible to participate in the right issue. 

Eligible shareholders can apply from Global IME Capital (Nachghar, Jamal), and stated branches of First microfinance. The shareholders can also apply using ASBA. 

Eligible shareholders can check out their eligibilty from the below mentioned link:

http://globalimecapital.com/rightshare_checklist

First Microfinance is a wholesale microfinance and needs to expand its paid up capital to 60 crores by mid-july 2018. This right issue will expand the company's capital to Rs 68.30 crores, thus meeting the capital requirement.