RSDC Laghubitta announces book closure on Jestha 22 for right share issuance; 60% right shares worth Rs 21.59 crore to be issued

RSDC Laghubitta Bittiya Sanstha (RSDC) will be closing its shareholder register book for the purpose of 60% right shares to its shareholders.

As per the notice published in NEPSE, the book closure date has been set on Jestha 22, 2075 i.e. the shareholders holding the shares of the microfinance company till Jestha 21 will be eligible to receive 5:3 right shares.

The microfinance company will be issuing 21.59 lakh unit right share to its shareholders.

NIBL Ace Capital has been assigned as the issue manager for the right share issuance.

The current capital of RSDC stands at Rs 35.99 crore which will reach Rs 57.59 crore after right share issuance.

iCRA Nepal had assigned Grade 4 rating to the right shares issuance of RSDC Laghubitta indicating below average fundamentals.