Last day to apply for 120% right shares of Nepal Community Development Bank; NIBL Capital  manages the issue

Nepal Community Development Bank Limited (NCDB) is closing 1:1.2 (120%) right share to its shareholders today (Kartik 29, 2074). The rights issue was open for 35 days from Ashwin 26, 2074. The book closure date for the rights issue was set on Ashwin 18, 2074. Only those shares registered one trading day ahead of the book closure date i.e. till Ashwin 17, 2074 are eligible to apply for the right shares. NCDB is issuing 26,43,538.80 units right shares at a par value of Rs 100 per unit. NIBL Capital Market Limited is the issue manager for this right issue. NCDB’s current paid up capital remains at Rs 22.02 crore. After issuance of this 120% right share, its paid up capital will reach Rs 48.46 crore. Interested applicants can collect application forms from NIBL Capital Market Limited, Lazimpat, Kathmandu and from designated branches of Nepal Community Development Bank Limited and Nepal Investment Bank Limited. NCDB has posted net profit of Rs 3.61 crore up to the end of fourth quarter of FY 2073/74.