Book Closure for 40% right share of Civil Bank on Mangsir 5; only 6 trading days left

Civil Bank Limited (CBL) has announced book closure date for its upcoming 10:4 (40%) right shares. As per the notice published by the bank today, the commercial bank has decided to close the register of their shareholders on Mangsir 5, 2074 for the purpose of issuing right share. Only those shareholders that have shares traded ahead of the book closure date will be eligible to apply for the right shares. SEBON had given approval for the issuance of right shares on Kartik  5, 2074. CBL will be issuing 2,07,40,886.75 units right shares worth Rs 2.07 arba each to be floated to its existing shareholders at par value of Rs 100 per share. Laxmi Capital Markets Ltd. is the issue manager for the right share. CBL’s current paid up capital remains at Rs 5.18 arba. After issuance of 40% right share, its paid up capital will reach Rs 7.25 arba. As per NRB’s directive for all commercial banks to increase their paid up capital to a minimum of Rs 8 arba , CBL should increase a further capital hike of Rs 75 crore (around 10%).