Deva Bikas Bank issuing 50% (44.05 lakh units) right shares from today; offer closes on Falgun 15

Deva Bikas Bank Limited (DBBL) is issuing 2:1 (50%) right shares to its existing shareholders from today (Magh 9, 2073). Deva Bikas Bank will be issuing a total of 44,05,440.39 unit right shares at the face value of Rs 100. The book closure date for 50% right share was set for Poush 18, 2073 till Poush 29, 2073. Only the shares registered one trading day ahead of the book closure date i.e. Poush 17, 2073 were eligible for the right share. (Right share eligibility can be checked on their website) NIBL Capital Markets Limited has been assigned as the issue manager for this issue. Interested shareholders can collect the application forms from NIBL Capital Markets Limited, Lazimpat, Kathmandu and from Deva Bikas Bank Limited and its branch offices. The application forms can also be collected from Nepal Investment Bank’s Pokhara, Biratnagar and Birgunj branches and from Goodwill Finance Limited’s Nepalgunj and Itahari branch. DBBL has earned net profit of Rs 14.03 crore up to the second quarter of the current fiscal year 2073/74. Its paid up capital remains at Rs 1 arba after the capitalization of 14% bonus share for the FY 2072/73. After issuance of 50% right share, its paid up capital will reach Rs 1.44 arba. Its Last Traded Price (LTP) stood at Rs 217 as on January 19, 2017.