NCC Bank to close shareholders register book on Shrawan 15 for upcoming 50% right share issuance; Paid up capital to reach Rs 7.01 arba
Sun, Jul 8, 2018 2:05 AM on Book Closure, Dividend, Bonus & Rights, Latest, Stock Market,
Nepal Credit and Commerce Bank (NCCB) has announced book closure date for its upcoming 50% right share issuance.
The shareholders register book will remain closed on Shrawan 15, 2075 for the purpose of the right share issue i.e. the shareholders holding shares of the company till Shrawan 14 shall be eligible to receive the right shares.
The bank will be issuing 2,33,95,291 unit shares at par value of Rs 100.
Sunrise Capital has been appointed as the issue manager for the right share auction.
Currently, the paid up capital of the bank is Rs 4.67 arba. After the adjustment of the right shares, the paid-up capital of the bank will rise to Rs 7.01 arba. The bank will likely distribute bonus shares for the remaining Rs 99 crore to meet the minimum capital requirement of Rs 8 arba.
In the third quarter of the current fiscal year, the bankhas reported net profit of Rs 54.31 crore with annualized EPS of Rs 15.48.
