Green Dev Bank issuing 400% right share (40 lakh units) from today; Offer ends on Falgun 8

Green Development Bank Limited (GRDBL) is issuing 400% right share from today (Magh 2, 2074). The rights issue will remain open for 35 days before closing on Falgun 8, 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. Offer Letter