Excel Development Bank (EDBL) Extends Rights Offering
Sun, Oct 31, 2021 10:43 AM on Latest, Dividend, Bonus & Rights,
Excel Development Bank Limited (EDBL) has extended its rights issue till 29th Kartik, 2078.
The company opened its 10:3 i.e. 30% right shares issue on 25th Ashwin. It was supposed to conclude on 14th Kartik, 2078. However, the company has now extended the deadline.
This offering will raise a capital of Rs. 24,33,36,367.42 for the company. Thus, 24,33,363.67 shares have been issued. NIBL Ace Capital has been appointed the issue manager. The regulatory board approved the proposal on Shrawan 31. The company had submitted its proposal on Jestha 27 earlier this year.
Ashoj 01 was the book closure date. Thus, shareholders maintained before that day can apply for the rights issue. ICRA Nepal has assigned a BBB- issuer rating, denoting timely attainment of financial obligation and medium credit risk.
