Alpine Dev. Bank & Mithila Laghubitta floating 8.20 lakh & 1.69 lakh unit right shares respectively from today

Alpine Development Bank Limited (ALDBL) has called on its existing shareholders to start applying for 3:2.08 (69.49%) right share from today (Shrawan 19, 2073). The rights issue will close on Bhadra 21, 2073. Only shareholders who have bought the shares and transferred them to their name before the book closure date on Ashad 21, 2073 would be eligible to apply for the right shares. Alpine Development Bank is issuing a total of 820,000 unit right share at the face value of Rs 100. NMB Capital limited has been assigned as the issue manager for the right issue. Interested shareholders can collect the application forms from the any branch of Alpine Development Bank and NMB Bank also from NMB Capital Limited located at Naxal, Kathmandu. After the adjustment of the rights shares, the bank’s total paid-up capital will reach to Rs 20 crore from the existing Rs 11.80 crore. The bank has authorized capital of Rs 20 crore. Alpine Development Bank has earned net profit of Rs 2.41 crore in the third quarter of the fiscal year 2072/73. Its last traded price stood at Rs 485 as on August 2, 2016. Likewise, Mithila Laghubitta Bikas Bank Limited (MLBBL) is issuing 2:1 (50%) right shares to its existing shareholders from today (Shrawan 19, 2073). The rights issue will close on Bhadra 21, 2073. The microfinance is issuing a total of 1, 69,740 units right shares. Civil Capital Market Limited is the issue manager for this right share issue. Interested shareholders can collect the application forms from any branch of Mithila Laghubitta Bikas Bank, as well as from Civil Capital Limited located at Kamaladi,, Kathmandu. After the adjustment of the rights shares, the bank’s total paid-up capital will reach to Rs 5.09 crore from the existing Rs 3.39 crore. The bank has authorized capital of Rs 10 crore. Mithila Laghubitta has earned net profit of Rs. 74.62 lakh in the third quarter of the current fiscal year. Its promoter- public ratio is at 70% to 30%. Its last traded price stood at Rs 1840 as on July 28, 2016.