Book closure for 100% right share of Jyoti Bikas Bank on Baisakh 14; Only 5 trading days left
- ShareSansar, April 20, 2017 on Company Analysis , Featured , Latest , Stock Market
Securities Board of Nepal (SEBON) had provided final approval to Jyoti Bikas Bank Limited (JBBL) for the issuance of 100% right shares on Baisakh 5, 2074. JBBL has announced Baisakh 14, 2074 as book closure date for the right issue.
As per the notice published by the bank today, the register of their shareholders will close on Baisakh 14, 2074 for the purpose of issuing right share in the ratio of 1:1. Only those shareholders holding shares that have been traded one trading day ahead of the book closure date i.e. until Baisakh 13, 2074 are eligible to apply for the right shares.
JBBL will be issuing a total of 1,10,43,171 units right shares worth Rs 1.10 arba to its existing shareholders at par value of Rs 100 per share. After the capitalization of 100% right shares, its paid up capital will reach Rs 2.20 arba.
As a national level development bank, it should increase its paid up capital to a minimum of Rs 2.50 arba by the end of FY 2073/74. It recently signed an agreement to acquire Raptibheri Bikas Bank Limited.