NEPSE lists 11.98 lakh units shares of Laxmi Bank after acquisition of Professional Diyalo Bikas Bank

Nepal Stock Exchange (NEPSE) has listed 11,98,011 units shares of Laxmi Bank Limited today. These shares belong to the shareholders of Professional Diyalo Bikas Bank, which was acquired by Laxmi Bank in the share swap of 100:50. The shareholders of Professional Diyalo Bikas Bank will have their new shares of Laxmi Bank deposited in their respective demat accounts in 7 days, after which they can be traded in NEPSE. Book Closure for 100% right share of Laxmi Bank on Chaitra 18 LBL is issuing 100% right shares for which the shareholders of Professional Diyalo Bikas Bank are also eligible. The book closure for the 1:1 right has been set for Chaitra 18, 2073. LBL has proposed 18.29% bonus share for the FY 2072/73, which will be distributed after issuance of right shares. After the issuance of right and bonus shares, its paid up capital will reach Rs 7.47 arba. As per NRB’s requirement for all commercial banks to maintain a minimum paid up capital of Rs 8 arba by the end of FY 2073/74, it will need to issue a further capital increase of around 7.1%.