Book closure for 40% right shares of Deva Bikas Bank on Falgun 17; LTP at Rs 181

Deva Bikas Bank Limited (DBBL) has published the book closure date for upcoming 40% right shares. As per the notice published in NEPSE today, the insurance company has set the book closure date on Falgun 17, 2074. Thus, only those shareholders holding their shares till Falgun 16, 2074 i.e. one day ahead of the book closure date are eligible to apply for the right shares. Securities Board of Nepal (SEBON) had given final approval to issue 40% right shares of Deva Bikas Bank Limited on Magh 26, 2074. NIBL Capital has been appointed as the issue manager for the right issue. Currently, the paid up capital of the bank stands at Rs 1.63 arba and after the issuance of right shares the capital of the bank will reach Rs 2.28 arba. It has earned Rs 14.6 crore net profit in the second quarter of the current fiscal year and its LTP stands at Rs 181.