Final Call! Last day to apply 40%, 400% & 10% right shares of Prabhu Bank, Green Development Bank & Lumbini Bikas Bank respectively

Prabhu Bank Limited (PRVU) is closing 10:4 (40%) right share to its shareholders today (Falgun 23, 2074). The rights issue was open from Magh 7, 2074. The 104^th BOD meeting of the bank held on Poush 9, 2074 had set the book closure date on Poush 21, 2074. Thus, only those shareholders owning shares till Poush 20, 2074 are eligible to participate in the AGM. Sunrise Capital Market Limited is the issue manager for the right issue. PRVU has been issuing 2.35 crore units right shares worth Rs 2.35 arba to its existing shareholders at a face value of Rs 100 per share. SEBON had given approval for the issuance of right shares on Poush 6, 2074. Interested applicants can collect application forms from Sunrise Capital Market and designated branches of Prabhu Bank Limited Its paid up capital will reach to Rs 8.24 arba after 40% right share adjustment from existing Rs 5.88 arba. It had posted net profit of Rs 63.49 crore in the second quarter of the FY 2074/75. Its LTP stood at Rs 220 as of last trading day. Similarly, Green Development Bank Limited (GRDBL) is also closing 400% right share today (Falgun 23, 2074). The rights issue was open from Magh 2, 2074. The book closure date for the rights issue was set for Poush 17, 2074. Hence, only those shareholders that have shares traded before Poush 16, 2074 (Sunday) are eligible to apply for the right shares. Laxmi Capital Market Limited is the appointed issue manager. Applicants can apply for the rights issue by collecting application forms from Laxmi Capital Market, New Baneshwor, NIBL Capital Markets, Lazimpat, designated branches of Green Development Bank and Laxmi Bank, and also from all ASBA-approved banks and financial institutions all around the country. GRDBL’s current paid-up capital remains at Rs 10 crore. After the rights issue, its paid-up capital will reach Rs 50 crore with promoter and general public shareholding at 55% and 45%. As a 1-3 district level development bank, it should hike its paid-up capital to Rs 50 crore. It had posted net loss of Rs 21.35 lakh in the first quarter of FY 2074/75. Its LTP stood at Rs 377 as of last trading day. Likewise, Lumbini Bikas Bank Limited (LBBL) is also closing 20,08,878.47 units right share to its shareholders in the ratio 10:1 (10%) today (Falgun 23, 2074). The right issue was open from Magh 11, 2074. The book closure date was set on Poush 21, 2074. Only those shareholders that have shares traded ahead of the book closure date, i.e. till Poush 20, 2074 i.e. one day ahead of the book closure date are eligible to for right shares. Prabhu Capital Limited has been assigned as the issue manager for right share issue. Interested applicants can collect application forms from Prabhu Capital Limited, Lazimpat, Kathmandu and also from designated branches of LBBL and Prabhu Bank Limited. Securities Board of Nepal (SEBON) had given final approval to issue 10:1 (10%) right shares of Lumbini Bikas Bank Limited (LBBL) on Poush 13, 2074. Its current paid up capital stands at Rs 2.01 arba. After adjustment of 10% right shares, it will reach to Rs 2.21 arba. To meet the capital requirement of Rs 2.50 arba, it should further hike its capital by Rs 29 crore (around 13%). It had earned Rs 14.37 crore in the second quarter of the FY 2074/75. Its LTP stood at Rs 157 as of last trading day.