Araniko Dev Bank 36% Right Shares book closure on Ashwin 28; only 5 trading days left

Araniko Development Bank Limited (ARDBL)’s 10^th AGM held on Falgun21, 2072 had approved 36% right share i.e. 928,190.34 units to its existing shareholders and the development bank has announced book closure date for the same. As per the notice published in Nepal Stock Exchange (NEPSE) today, the book closure date for 36% right issue has been set for Ashwin 28, 2073 for one day. Only the shares registered one trading day ahead of the book closure date i.e. Ashwin 20, 2073 will be eligible for the right shares. Siddhartha Capital Limited has been assigned as the issue manager for right share issue. ARDBL has earned net profit of Rs 5.84 crore in the fourth quarter of the last fiscal year 2072/73. It’s paid up capital remains at Rs 25.78 crore. After issuance of 36 percent right share, the paid up capital will reach Rs 35.06 crore.