First Microfinance announces book close for 50% right share; Book to remain close on 9th Magh

First Microfinance Company announces book closure for 2:1 right shares. The shareholders book will remain close on 9th Magh 2074 for the stated purpose. Shareholders having the shares at the time of bookclose will be eligible for the right shares. 

FMDBL will issue right shares worth Rs 22.81 crores.

Global IME Capital has been appointed as the issue manager for the issue. 

The company received SEBON's approval on 23rd Poush for the right share issue. Whereas ICRA Nepal provided it with a grade 3 rating. 

Being a wholesale microfinance fmdbl needed to hike its paid up capital to Rs 60 crores by mid-july 2018. FMDBL capital will surge to Rs 68.43 crores post issue. 

The company was last traded for Rs 850 in the stock exchange.