Book closure for the 25% right issue of CCBL on Ashwin 20; 5 trading days left

Century Commercial Bank Limited (CCBL) 4^thAGM held on Falgun 28, 2071had endorsed 4:1(25%) right shares to their shareholders and now the bank has announced the book closure date for the same. The book closure date for 4:1 right issue has been set for Ashwin 20. Only the shares registered one day ahead of the book closure date i.e. Ashwin 19 will be eligible for the right shares. Only 5 trading days left to claim the right shares of Century Commercial bank. CCBL had earned net profit of Rs 25.79 crore in the fourth quarter of the last fiscal year 2071/72. The paid up capital of the bank stands at 2.12 arba. After the issuance of 25 percent, the paid up capital will stand at Rs 2.65 arba. Its last traded price stood at Rs 397 as on September 28. ICRA Nepal has assigned an “[ICRANP] IPO Grade 4+”, indicating below-average fundamentals to the proposed rights issue.