Century Commercial Bank issuing 30% (85.22 lakh unit) Right Share from today

Century Commercial Bank Limited (CCBL) is issuing 10:3 (30%) right shares to its existing shareholders from today (Bhadra 5, 2073). The offer will close on Ashwin 9, 2073. Century Commercial Bank is issuing a total of 85, 22,400 unit right shares at the face value of Rs 100. The book closure date for 30% right issue was set for Shrawan 18, 2073. Only the shares registered one day ahead of the book closure date i.e. Shrawan 17, 2073 are eligible for the right shares. Civil Capital Market Limited has been assigned as the issue manager for the right issue. Interested shareholders can collect the application forms from Civil Capital Market Limited, Kathmandu Plaza, Kamaladi, Kathmandu and all branch offices of Century Commercial Bank. After the adjustment of the rights shares, the bank total paid-up capital will reach to Rs 3.69 arba from existing Rs 2.84 arba. The bank has authorized capital of Rs 5 arba. Its public-promoter share structure stands at 54:46 ratio. Its last trade price (LTP) stood at Rs 423 as on August 17, 2016. CCBL has earned net profit of Rs 38.26 crore in fourth quarter of the fiscal year 2072/73.