Today is the last day to apply for the right shares of Narayani Development Bank Limited (NABBC). The company has been issuing 6,56,169 units right shares in the ratio of 1:1 to its shareholders from Magh 13.
The issue opened on 13th Magh, 2077, and will conclude today, i.e. on 3rd Falgun, 2077. The company had applied in SEBON to issue the right shares totalling 6,56,169 units. SEBON had then approved the issue on Poush 20.
The book closure for the issue of the right shares was announced on Poush 29. Thus, investors maintained till Poush 28 are entitled to apply for the right shares.
As a side note, the company has already proposed another issue of the right shares, this time in the ratio 1:2. After the upcoming issue of the 1:1 right shares, the paid-up capital will increase to Rs. 13,12,33,800 from the previous Rs. 6,56,16,900. The new 1:2 ratio right shares will then be issued on the newly formed paid-up capital of Rs. 13,12,33,800. This will then take the company's paid-up capital to Rs. 39,37,01,400.