15,969 units right shares of Deprosc Laghubitta unclaimed; Nabil Invest to auction soon

Deprosc Laghubitta Bikas Bank Limited (DDBL) had issued 25.79 lakh units right shares to its shareholders in the ratio 1:1 from March 20 to May 8, 2017. Out of the 25,79,238.45 units issued right shares, 25,63,268.81 units shares were subscribed by its shareholders. The remaining 15,969.64 units unclaimed shares will now be auctioned. As per an official of Nabil Investment Banking, the issue manager for the right share of DDBL, all of the unclaimed right shares are ordinary shares belonging to the general public group. Promoter shareholders of the microfinance company, which includes organizations like Nepal Bank, Nabil Bank, Agricultural Dev Bank and Lumbini Finance, have fully claimed their 100% right shares. Now, the unclaimed 15,969.64 units right shares will be auctioned to the general public with a minimum bid price of Rs 100 per share. Deprosc Laghubitta Bikas Bank has earned net profit of Rs 20.85 crore in the third quarter of the FY 2073/74. It had distributed 35% stock dividend and 17.63% cash dividend to its shareholders from the profits it earned in FY 2072/73. After the capitalization of bonus and right shares, its paid up capital will reach Rs 60.61 crore.