Green Dev Bank appoints Laxmi Capital for its upcoming 400% right issue
Wed, Apr 5, 2017 1:24 PM on Latest, Dividend, Bonus & Rights, Featured, Stock Market,
Green Development Bank Limited (GRDBL) has appointed Laxmi Capital Market Limited as the issue manager for its upcoming 1:4 right share issue. Mr. Rajeev Sapkota, CEO of Laxmi Capital and Mr. Baikuntha Raj Timasina, deputy CEO of Green Development Bank signed the rights agreement on Chaitra 23, 2073.
Nepal Rastra Bank’s (NRB) Monetary Policy has directed 1-3 district level development banks to maintain their paid up capital to a minimum of Rs 50 crore by the end of FY 2073/74. At present, it has a paid up capital of Rs 10 crore. GRDBL will be issuing a total of 40,00,000 units right shares to its shareholders. After issuance of 400% right share, its paid up capital will reach to Rs 50 crore and the 3-district level development bank will meet NRB’s requirement.
GRDBL has earned net profit of Rs 38.87 lakh in the second quarter of the FY 2073/74.
Nepal Rastra Bank’s (NRB) Monetary Policy has directed 1-3 district level development banks to maintain their paid up capital to a minimum of Rs 50 crore by the end of FY 2073/74. At present, it has a paid up capital of Rs 10 crore. GRDBL will be issuing a total of 40,00,000 units right shares to its shareholders. After issuance of 400% right share, its paid up capital will reach to Rs 50 crore and the 3-district level development bank will meet NRB’s requirement.
GRDBL has earned net profit of Rs 38.87 lakh in the second quarter of the FY 2073/74.
