Civil Bank issuing 40% (2.07 crore units) right shares from today; Offer ends on Poush 27

Civil Bank Limited (CBL) is issuing 10:4 (40%) right share to its shareholders from today (Mangsir 22, 2074). The rights issue will remain open for 35 days before closing on Poush 27, 2074. The book closure date for the rights issue was set on Mangsir 5, 2074. Only those shares registered one trading day ahead of the book closure date i.e. till Mangsir 4, 2074 are eligible to apply for the right shares. Laxmi Capital Market Limited is the issue manager for the right issue. CBL will be issuing 2,07,40,886.75 units right shares at a par value of Rs 100 per unit of worth Rs 2.07 arba. SEBON had given approval for the issuance of right shares on Kartik  5, 2074. Interested applicants can collect application forms from Laxmi Capital Market, Civil Capital Market and designated branches of Civil Bank Limited 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%). It had earned Rs 11.33 crore in the first quarter of the FY 2074/75. Click here to see announcement: