Civil Bank revises right share proportion from 20% to 30%; to issue right after acquisition of Unique & Hama Merchant Finance

Civil Bank Limited (CBL) has revised the proportion of right shares to be issued to its shareholders. As per the notice published in Nepal Stock Exchange Limited (NEPSE) today, the BOD meeting of the company held on Chaitra 30, 2073 has decided to revise the earlier proposed 20% right share to 30%. The right share will be issued in the ratio 10:3 on its paid up capital after acquisition of Unique Finance Ltd. and Hama Merchant and Finance Ltd. and after the bonus share issuance to its shareholders. The decision is subjected to approval from concerned authorities and the bank’s upcoming AGM. It has proposed 2.88% stock dividend to its shareholders from the profits it earned in FY 2072/73. Civil Bank had earned net profit of Rs. 17.14 crore in the second quarter of the current fiscal year 2073/74. Its paid up capital stands at Rs 4.58 arba.