Last day to apply for 30% right share of Om Development Bank; NIBL Capital manages the issue

Om Development Bank Limited (ODBL) is closing 49,31,835 unit right shares issue to its shareholders in the ratio 10:3 (30%) today (Kartik 26, 2074). The rights issue was open for 35 days from Asoj 23, 2074. The book closure date for the 30% right issue was set for Bhadra 30, 2074. Only those shareholders holding shares traded one trading day ahead of the book closure date i.e. until Bhadra 29, 2074 are eligible to apply for the right shares. NIBL Capital Markets Limited is the issue manager for the right issue. Interested applicants can collect application forms from NIBL Capital Markets Limited, Lazimpat, Kathmandu and also from designated branches of Om Development Bank Limited and Nepal Investment Bank Limited. Its paid up capital currently stands at Rs 1.64 arba and after adjustment of right share its paid up capital will reach Rs 2.13 arba. As per NRB’s directive for all national level development banks, the bank should increase its paid up capital to Rs 2.50 arba by the end of FY 2073/74. ODBL had earned net profit of Rs 3.74 crore till the end of first quarter of FY 2074/75.