Kankai Bikas Bank 214% right shares transferred to Demat account

Kankai Bikas Bank Limited (KNBL) has transferred 214% right shares to its shareholders in the Demat account directly. As per the notice published in newspaper today, Siddhartha Capital, the issue manager for 214% right shares of KNBL has urged all the applicants to open Demat account in Siddhartha Capital, any branches of Siddhartha Bank or other depository participants, incase applicants do not have Demat account yet. KNBL had issued 214% right shares from Shrawan 9 to Bhadra 11, 2074.