Chhimek Laghubitta to issue 50% right share from today
Tue, Jul 28, 2015 12:00 AM on Dividend, Bonus & Rights,
ShareSansar July 28;
Chhimek Laghubitta Bikas Bank Limited (CBBL) is issuing Right Shares from 12 Sharwan, 2072(today) . The company has offered right shares of face value Rs 100 at the ratio of 2:1 (50%) for its existing shareholders. CBBL 13th AGM held on Mangsir, 18, 2071 had endorsed 2:1 right shares.
The closing date for the right issue has been set for Bhadra 14. NMB Capital Limited is the issue manager of this issue.
The company has a paid up capital of Rs 28.36 crore and after adjusting right shares the paid up capital will rise to Rs 42.55 crore.
ICRA Nepal has assigned an “[ICRANP] IPO Grade 3+”, indicating average fundamentals to the proposed rights offering amounting NPR 105.05 million of Chhimek Laghubitta Bikas Bank Limited ICRA Nepal assigns IPO grading on a scale of IPO Grade 1 through IPO Grade 5, with Grade 1 indicating strong fundamentals and Grade 5 indicating poor fundamentals.
Only the shares registered one day ahead of the book closure date i.e. Ashad 29 are eligible for the right shares.
Chhimek Laghubitta had reported a net profit of Rs 19.28 crore in its third quarter company analysis of the fiscal year 2071/72.
Its last traded price stood at Rs 1530 in Nepal Stock Exchange as on July 26.
