Book Closure for 80% right share of Nepal Bangladesh Bank on Chaitra 17

Nepal Bangladesh Bank Limited (NBB) had received approval from SEBON to issue 3,20,94,068.80 units right shares in the ratio 10:8 (80%) on Falgun 17, 2073. The bank has set the book closure date for the right issue on Chaitra 17, 2073. As per the notice published in NEPSE today, the register of their shareholders will close on Chaitra 17. Only those shares traded one trading day ahead of the book closure day i.e. Chaitra 16, 2073 are eligible to apply for the right shares. Global IME Capital Limited has been assigned as the issue manager for the right share. NBB has earned net profit of Rs 54.06 crore in the second quarter of the fiscal year 2073/74. Its paid up capital after distribution of 32% bonus share for the FY 2072/73 stands at Rs 4.01 arba. After the issuance of 80% right shares, its paid up capital will reach Rs 7.21 arba. As per NRB’s directive for all commercial banks to increase their paid up capital to a minimum of Rs 8 arba by the end of FY 2073/74, NBB will need to increase its capital by a further 10.85%.