Book closure for 50% Right Shares of Muktinath Bikas Bank on Bhadra 30

Muktinath Bikas Bank Limited (MNBBL) 9^th AGM held on Poush 28, 2072 had approved 50% right share i.e. 4,192,163.75 units right shares to its shareholders and the development bank has announced book closure date for the same. As per the notice published in Nepal stock exchange today, the book closure date for 50% right issue has been set for Bhadra 30, 2073. Only the shares registered one day ahead of the book closure date i.e. Bhadra 29 will be eligible for the right shares. NIBL Capital Markets Limited has been assigned as the issue manager for the right issue. MNBBL has earned net profit of Rs. 35.88 crore in the fourth quarter of the last fiscal year. The paid up capital of the bank stands at Rs 83.84 crore. After the issuance of 50 percent right share, the paid up capital will reach to Rs 1.25 arba.