Book Closure for 100% right share of Deprosc Laghubitta on Falgun 2

Deprosc Laghubitta Bikas Bank Limited (DDBL) is issuing 25,79,238.45 unit right shares in the ratio 1:1 at a face value of Rs 100. The book closure date for the right issue has been set on Falgun 2, 2073 (February 13, 2017). ICRA Nepal has assigned [ICRANP] IPO Grade 4+ grading to this right issue, indicating below-average fundamentals. Only those shareholders owning shares one day ahead of the book closure data i.e. Falgun 1 are eligible for applying for the right shares. The above book closure date is also applicable for its upcoming 15^th AGM, and 35% bonus share and 17.63% cash dividend (including for tax purpose) being endorsed by the AGM. DDBL has earned Rs 6.93 crore in the first quarter of the ongoing fiscal year 2073/74. Its paid up capital stands at Rs 25.79 crore. After the capitalization of the proposed bonus share and right shares, its paid up capital will reach Rs 60.6 crore. Its latest trading price stood at Rs 2,020 as of February 2, 2017.