Book closure for 50% right share of Deva Bikas Bank on Poush 18

Deva Bikas Bank Limited (DBBL)’s Special General Meeting (SGM) held on Shrawan 28, 2073 had approved 50% right share i.e. 44, 05,440.39 units to its existing shareholders and the development bank has published a book closure date for the same. As per the notice published by the company today, the book closure date for 50% right share has been set for Poush 18, 2073 to till Poush 29, 2073. Only the shares registered one trading day ahead of the book closure date i.e. Poush 17, 2073 will be eligible for the 50 percent right share. Securities Board of Nepal (SEBON) had given final approval to issue 2:1 (50%) right shares on Mangsir 11, 2073. NIBL Capital Markets Limited is assigned as the issue manager for right share issue. The development bank’s upcoming 10^th AGM is endorsing 14% bonus share to its shareholders from the net profit it earned in the FY 2072/73. The AGM will be held on Poush 29, 2073. DBBL has earned net profit of Rs 5.06 crore in the first quarter of the current fiscal year 2073/74. Its paid up capital remains at Rs 88.10 crore. After issuance of 14% bonus & 50% right share, its paid up capital will reach to Rs 1.44 arba.