Citizen Investment Trust (CIT) Declares Book Closure Date for Right Shares Issue

Citizen Investment Trust (CIT) has declared the book closure date for the issue of its right shares.

Citizen Investment Trust had submitted an application to SEBON to issue the right shares. The Trust had proposed to issue the right shares in the ratio of 1:0.8284. SEBON has then approved the issue of the right shares.

The right shares will be worth a little over Rs. 1.35 Arba. Now that the Board has approved the proposal, CIT will issue 1,35,92,592 unit right shares to eligible shareholders. Issuing a new notice today, the Trust has informed that the book closure date for the issue is announced on Poush 14. Thus, investors maintained till Poush 14 are entitled to apply for the issue.

RBB Merchant Banking Limited is the issue manager for the issue. After the issuance of the right shares, Citizen Investment Trust will have the paid-up capital of Rs. 3 Arba.