Gandaki Bikas Bank 10:3 ratio right share closing today; LTP stood Rs. 350

Existing shareholders have one more day to file for the 10:3(30%) ratio right shares of Gandaki Bikas Bank Limited (GDBL). The development bank has been issuing right shares from Magh 17, 2072 and today is the closing day for the same. The company has offered right shares at face value of Rs 100 at the ratio of 10:3 (3o%) for its existing shareholders. GDBL’s Special General Meeting(SGM) of the development bank held on 16 Shrawan, 2072 had endorsed 10:3 right shares. Global IME Capital limited has been assigned as the issue manager for the right issue. After the adjustment of the rights shares, the bank’s total paid-up capital will reach to Rs 45.76 crore from the existing Rs 35.20 crore. The bank authorized and issued capital will reach Rs 80 crore and 45.76 crore respectively after issuance of right share GDBL has earned net profit of Rs.5.75 crore in the 2th quarter of the fiscal year 2072/73.  Its EPS Stands at Rs 26.61 and net worth per share at Rs 131.57. Its last trading price stands at Rs 350 as on March 3, 2015.