Himalayan Bank & Kasthamandap Dev. Bank issuing 14.28% & 25% right shares respectively from today

Himalayan Bank Limited (HBL) is issuing 7:1 (14. 28%) right shares to its existing shareholders from today (Kartik 26, 2073). The rights issue will close on Mangsir 30, 2073. Himalayan Bank is issuing a total of 64, 27,350 unit right shares at the face value of Rs 100. The book closure date for 14.28% right issue has been set for Kartik 10, 2073 for one day. Only the shares registered one trading day ahead of the book closure date i.e. Kartik 9, 2073 will be eligible for the right shares. Laxmi Capital Market Limited is assigned as the issue manager for the right issue. Interested shareholders can collect the application forms from Laxmi Capital, Hattisar, Kathmandu, all branch offices of Himalayan Bank. After the adjustment of the rights shares, the bank total paid-up capital will reach to Rs 5.24 arba from existing Rs 4.49 arba. The bank has authorized capital of Rs 8.50arba. Its public-promoter share structure stands at 51:49 ratio. HBL has earned net profit of Rs 1.91 arba in the fourth quarter of the fiscal year 2072/73. Likewise, Kasthamandap Development Bank Limited (KDBL) is issuing 4:1 (25%) right shares to its existing shareholders from today (Kartik 26, 2073). The rights issue will close on Mangsir 30, 2073. Kasthamandap Development Bank is issuing a total of 16, 99,741.70 unit right shares at the face value of Rs 100. The book closure date for 25% right issue has been set for Kartik 9, 2073 for one day. Since, Kumari Bank and Kasthamandap Development Bank had signed an agreement for the acquisition process on Ashwin 17. Only the shares registered till Ashwin 16, 2073 are eligible for the right shares. Trading of Kasthamandap Development Bank has been suspended in Nepal Stock Exchange Limited (NEPSE) following the acquisition process. NCM Merchant Banking Limited is the issue manager for the right issue. Interested shareholders can collect the application forms from NCM Merchant, Kamaladi, Kathmandu, all branch offices of Kasthamandap Development Bank. After the adjustment of the rights shares, the microfinance total paid-up capital will reach to Rs 84.98 crore from existing Rs 67.98 crore. The bank has authorized capital of Rs 2 arba. Its public-promoter share structure stands at 51:49 ratio. The development bank has earned net profit of Rs 30.22 crore in fourth quarter of last fiscal year 2072/73.