Book closure for 225% right share of Karnali Development Bank on Poush 20; LTP at Rs 269

Karnali Development Bank Limited (KRBL) has published book closure date for upcoming 225% right share issue. As per the notice published in newspaper today, the development has set the book closure date on Poush 20, 2074. Thus, only those shareholders holding their shares till Poush 19, 2074 i.e. one day ahead of the book closure date are eligible to apply for right shares. KRBL will be issuing 33.97 lakh units right shares worth Rs 33.97 crore to its existing shareholders at a face value of Rs 100 per share. Prabhu Capital Limited has been assigned as the issue manager for right share issue. The development bank’s SGM held on Ashad 3, 2074 had endorsed 1:2.25 right shares to their shareholders. Its paid up capital stand at Rs 15.10 crore and after issuance of 225% right share its paid up capital will reach Rs 49.07 crore. It has posted net loss of Rs 1.69 crore in the first quarter of the FY 2074/75. Its LTP stood at Rs 269 as of last trading day. Announcement: