SEBON approves 100% right shares of Nagbeli Laghubitta; Paid up capital to reach Rs 15.32 crore

Securities Board of Nepal (SEBON) has provided approval for the issuance of 100% right shares of Nagbeli Laghubitta Bittiya Sanstha Limited (NBBL).

The microfinance company will be issuing 7,66,465 unit right shares at par value of Rs 100.

NMB Capital has been appointed as the issue manager of the right share issuance.

The paid up capital of the microfinance will reach Rs 15.32 crore after the adjustment of right shares.

ICRA Nepal has provided Grade 4 rating to the right issuance of NBBL indicating below average fundamentals.