Book closure for 40% right shares of Deva Bikas Bank on Falgun 17; LTP at Rs 185

Deva Bikas Bank Limited (DBBL) has published the book closure date for upcoming 40% right shares issue. As per the notice published in NEPSE today, the book closure date has been set 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 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 (65.33 lakh unit) its paid up capital of the bank will reach Rs 2.28 arba. ICRA Nepal provides Grade 4 rating to upcoming right shares of DBBL. It had earned Rs 14.06 crore in the second quarter of the FY 2074/75. Its LTP stood at Rs 185 as of last trading day.