Last day to apply for 51.06 lakh units (120%) right shares of Sewa Bikas Bank

- ShareSansar, January 11, 2017  on Dividend, Right & Bonus , Featured , Latest , Stock Market

Sewa Bikas Bank Limited (SEWA) has been issuing 1:1.2 (120%) right shares to its existing shareholders from Mangsir 23, 2073 and today is the last day for the same.

Sewa Bikas Bank has been issuing a total of 51,06,662 units right shares at the face value of Rs 100.

The book closure date for 120% right issue was set for Ashwin 19, 2073 for one day. Only the shares registered one trading day ahead of the book closure dates i.e. Ashwin 18, 2073 were eligible for the right shares.

NMB Capital Limited is assigned as the issue manager for the right issue.

Interested shareholders can collect the application forms from NMB Capital, Naxal, Kathmandu and from all branch offices of Sewa Bikas Bank and NMB Bank Limited.

After the adjustment of the rights shares, the bank total paid-up capital will reach Rs 93.62 crore from the existing Rs 42.55 crore. The bank has authorized capital of Rs 2.50 arba. Its public-promoter share structure stands at 51:49.

Sewa Bikas Bank is in the process of merger with Kamana Bikas Bank, and their trading has been in halt in NEPSE since November 24, 2016.