Corporate Development Bank Limited (CORBL) has submitted an application in SEBON to issue the right shares. The application was submitted on Poush 26.
The company has applied to issue the right shares in the ratio of 1:1.5. To simplify things, an investor holding 150 shares of CORBL can apply for 100 shares in the right offering. A total of 30 lakh unit shares will be issued at a par value of Rs. 100 per share. Civil Capital is appointed the issue manager.
Interestingly, SEBON updated the pipeline-status of CORBL's application for right shares just yesterday, i.e. Magh 06. However, the stock (CORBL) has already gained 135% in the last 10 trading days.