Corporate Development Bank (CORBL) Issuing 1: 1.5 Rights Offering From Today

Fri, Jan 21, 2022 10:04 AM on Dividend, Bonus & Rights, Latest,

Corporate Development Bank Limited (CORBL) is opening its right offering from today, i.e. 7th Magh, 2078. The issue will close on 27th Magh.

The company is issuing the right shares in the ratio of 1:1.5. This equates to 30,00,000 unit shares.

Thus, an investor holding 100 shares of CORBL can apply for 150 shares in the right offering. A total of 30 lakh unit shares have been issued at a par value of Rs. 100 per share. Civil Capital has been appointed the issue manager.

Poush 26 was the book closure date. Thus, shareholders maintained before that day are eligible to apply for the right shares.

The current paid-up capital of the company is Rs. 20,00,00,000. After the issuance of the right shares, the company's paid-up capital will scale to Rs. 50,00,00,000.

Offer Letter