Civil Bank extends 15 days for 40% right shares till Magh 12

Civil Bank Limited (CBL) has extended 15 days for the right share issue till Magh 2, 2074. Earlier the closing date has been set today (Poush 11, 2074). It has been issuing 10:4 (40%) right share to its shareholders from Mangsir 22, 2074. Previously, the closing date has been set on Poush 27, 2074. The book closure date for the rights issue was set on Mangsir 5, 2074. Only those shares registered one trading day ahead of the book closure date i.e. till Mangsir 4, 2074 are eligible to apply for the right shares. Laxmi Capital Market Limited is the issue manager for the right issue. CBL is issuing 2,07,40,886.75 units right shares at a par value of Rs 100 per unit of worth Rs 2.07 arba. SEBON had given approval for the issuance of right shares on Kartik  5, 2074. Interested applicants can collect application forms from Laxmi Capital Market, Civil Capital Market and designated branches of Civil Bank Limited CBL’s current paid up capital remains at Rs 5.18 arba. After issuance of 40% right share, its paid up capital will reach Rs 7.25 arba. As per NRB’s directive for all commercial banks to increase their paid up capital to a minimum of Rs 8 arba , CBL should increase a further capital hike of Rs 75 crore (around 10%). It had earned Rs 11.33 crore in the first quarter of the FY 2074/75. Click here to see announcement: