SEBON approves to issue 50% & 25% right share of Swarojgar Laghubitta & Purnima Bikas Bank respectively
- ShareSansar, May 18, 2017 on Dividend, Right & Bonus , Featured , Latest , Stock Market
Securities Board of Nepal (SEBON) has provided approval to Swarojgar Laghubitta Bikas Bank Limited (SLBBL) and Purnima Bikas Bank Limited (PURBL) for the issuance of their right shares. SLBBL will be issuing right shares in the ratio 2:1 (50%) while PURBL will be issuing right shares in the ratio 4:1 (25%).
NMB Capital Limited is the issue manager for right share of Swarojgar Laghubitta . SLBBL will be issuing a total of 349,993.60 units right shares worth Rs 3.49 crore, each to be floated to its existing shareholders at par value of Rs 100 per share. Its paid up capital after stands at Rs 6.99 crore. After issuance of this 50% right share, its paid up capital will reach Rs 10.48 crore.
Swarojgar Laghubitta Bikas Bank has earned net profit of Rs 2.03 crore in the third quarter of the FY 2073/74. Established in July 2009 as a 3-district level class D microfinance institution, SLBBL now has presence across 29 branches in 10 districts. Its promoter – general public shareholding structure stands at 70% – 30%.
Likewise, Siddhartha Capital Limited is the issue manager for right share of Purnima Bikas Bank.
PURBL will be issuing a total of 880,962.82 units right shares worth Rs 8.80 crore. Prunima Bikas Bank has earned net profit of Rs 7.53 crore in the third quarter of the FY 2073/740. Its paid up Capital stand at Rs 35.23 crore. After the issuance of this 25% right share, its paid up capital will reach Rs 44.03 crore.