Deprosc Laghubitta Bikas Bank’s 100% right share receives approval from SEBON

Deprosc Laghubitta Bikas Bank Limited (DDBL) has received approval from SEBON for 1:1 right share today (Magh 9, 2073). DDBL will be issuing a total of 2,579,238.45 units right shares and has announced 35% bonus share for the FY 2072/73. Its paid up capital stands at Rs 25.79 crore. After the issuance of the 100% right and the 35% bonus share, its paid up capital will reach Rs 60.6 crore. Nabil Investment Banking Limited is the issue manager for this right offering. DDBL earned a net profit of Rs 6.93 crore in the first quarter of the current fiscal year as per its unaudited financial report. Its LTP stood at Rs 2,249 as of today (January 22, 2017).