Book closure for the 20% right issue of Machhapuchchhre Bank on Shrawan 32; LTP stood at Rs 605
Mon, Aug 10, 2015 12:00 AM on Dividend, Bonus & Rights,
ShareSansar, August 10:
Machhapuchchhre Bank Limited (MBL) 16th AGM held on 26th Mangsir, 2071 had approved to issue 5:1 (20%) ratio right shares and now the bank has announced book closure date for the same.
The bank has set Sharwan 32 as the book closure date for the rights issue. Only those shareholders who own the shares of the bank by Shrawan 31 (coming Sunday) will be entitled to claim the Right Shares offered by the bank.
The bank will be floating a total of 55, 52,500.93 unit of right shares of face value of Rs 100 per share.
Earlier, MBL had endorsed 12 percent bonus share to its shareholders from the profit of 2070/71 FY.
The rights share has received ‘[ICRANP] IPO Grade 4+ from the credit rating agency ICRA Nepal.
The company’s paid up capital at present stands at Rs 2.77 arba. Its promoter-public ratio is at 66.55% to 33.45%. The bank might convert its 15.55% promoter share into public share making the promoter- public share 51% to 49% in the near future.
The last traded price of MBL in NEPSE stood Rs 605 per unit.
