Kisan Microfinance all set to issue 50% right to shareholders ; Issue to commence from Mangsir 2nd

Kisan Microfinance is all set to issue 50% right to shareholders. The issue will commence on 2nd of Mangsir and last till 9th of Mangsir. 

The company had set 13th Kartik as book close date. Thus shareholders having the shares at the time of book close will be eligible for the right issue. Civil capital will be managing the overall issue of the company. 

KMFL will be floating 2,40,250 unit shares for its shareholders at a face value of Rs 100 per share. The issue will hike the company's paid-up capital to Rs 7.20 crores from existing 4.80 crores. 

KMFL had distributed 29% bonus shares and 1.53 cash from the net profit of FY 2074/75. 

The shares of this company was last traded for Rs 1,100 in the stock exchange.