Deva Bikas Bank to issue 50% (44.05 lakh units) right shares from Magh 9

Deva Bikas Bank Limited (DBBL) will be issuing 2:1 (50%) right shares to its existing shareholders from Magh 9, 2073. As per the notice published by the development bank today, the rights issue will remain open for 35 days before closing on Falgun 15, 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. 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 5.06 crore in the first quarter of the current fiscal year 2073/74. Its paid up capital remains at Rs 88.10 crore. After issuance of 50% right share, its paid up capital will reach to Rs 1.32 arba. It has also proposed 14% stock dividend from the profits it earned in FY 2072/73. Its Last Traded Price (LTP) stood at Rs 215 as on January 4, 2017.