Book Closure for 50% right share of Kakre Bihar on Ashwin 27; likely to distribute 10% dividend

Kakre Bihar Bikas Bank Limited (KKBL) SGM held on June 28, 2014 had endorsed 1:0.5 (50%) right shares to their shareholders and now the bank has announced the book closure date for the same. The book closure date for 1:0.5 right issues has been set for Ashwin 27. Only the shares registered one day ahead of the book closure date i.e. Ashwin 26 will be eligible for the right shares. As per Jagat Bahadur Thapa, company secretary of Kankre Bihar, “The Company will distribute 10% dividend to the shareholders from the profit of the fiscal year 2071/72.” KBBL had earned net profit of Rs56.73 lakh in the fourth quarter of the last fiscal year 2071/72. The paid up capital of the bank stands at Rs 3.79 crore. After the issuance of 50 percent, the paid up capital will stand at Rs.5.68 crore Its last traded price stood at Rs 385 as on October 5.