Century Commercial Bank 25% right share to close on Sunday
Fri, Dec 25, 2015 3:15 AM on Latest, Dividend, Bonus & Rights, Stock Market,
Shareholders of Century Commercial Bank Ltd. (CCBL) as of Ashwin 19, 2072 get one more business day to apply for the 4:1 (25%) right share issued by the bank. The last day to apply for the right share has been set for today (December 25). However, today is public holiday on the occasion of Christmas. As the bank will be closed today and open on Sunday, automatically Sunday will be the last day to apply for right share.
The commercial bank has been issuing right shares from Kartik 16, 2072.
CCBL is issuing a total of 53, 00,000 rights share at the face value of Rs 100 for its existing shareholders.
Interested existing shareholders can apply for the shares at office of the CCBL’s Share Registrar Civil Capital Markets Limited which is located at Kamaladi, Kathmandu.
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.
CCBL had earned a net profit of Rs 25.79 crore in the fourth quarter of the last fiscal year 2071/72.
ICRA Nepal has assigned an “[ICRANP] IPO Grade 4+”, indicating below-average fundamentals to the proposed rights issue.
