Garima Bikas Bank 4:1 right shares issuance from today; ends on Chaitra 19
Fri, Feb 27, 2015 12:00 AM on Dividend, Bonus & Rights,
ShareSansar, February 27:
Garma Bikas Bank Limited (GBBL) will start issuing right shares from 15th Falgun (today).
The BoD of Garima Bikas Bank Limited had offered right shares at 4:1 ratio with the face value of Rs 100, which was endorsed by the company’s 8th Annual General Meeting held on Mangsir 9, 2071.
The right issue will last till Chaitra 19, 2071.
The bank had decided to issue 11,22,000 units of right shares for its existing shareholders.
ACE Capital Limited is the issue manager for this rights issue.
The bank’s capital, which is at Rs 44.88 crore at present, will increase to Rs 56.10 crore after the right shares are completely taken over.
