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Last day to apply for 35% right shares of Sahayogi Vikas Bank; offer ends today

- ShareSansar, June 18, 2017  on Dividend, Right & Bonus , Featured , Latest , Stock Market
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Sahayogi Vikas Bank Limited (SBBLJ) is closing its 35% right shares (11,01,135 units) to its shareholders today (Asadh 4, 2074). The rights issue was open from Jestha 1, 2074.

The book closure date for the rights issue was set for Baisakh 15, 2074. Only those shareholders holding shares traded one trading day ahead of the book closure date i.e. until Baisakh 14, 2074 are eligible to apply for the right shares.

NCM Merchant Banking Limited is the issue manager for this rights issue.

Interested applicants can collect application forms from NCM Merchant Banking Limited, Kamalpokhari, Kathmandu and all branches of Sahayogi Vikas Bank.

SBBLJ has earned net profit of Rs 9.29 crore in third quarter of the FY 2073/74. After the capitalization of 35% right shares, its paid up capital will reach Rs 42.47 crore. As per NRB’s directive for all 1-3 district level development banks to increase their paid up capital to a minimum of Rs 50 crore by the end of FY 2073/74, SBBLJ will need to issue a further capital hike of Rs 7.52 crore (17.80%).

Its last traded price (LTP) stands at Rs. 353

 

 

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