First Microfinance Development Bank Limited (FMDBL), Jyoti Bikas Bank Limited (JBBL) and Siddhartha Insurance Limited (SIL) have been issuing right shares to their shareholders from Baisakh 28, 2074 and today (Jestha 31, 2074) is the last day to apply for the same.
| S.N. |
Company |
Right Share Proportion |
Issue Manager |
Check Right Eligibility |
Download Form |
| 1 |
First Microfinance Development Bank Limited |
2:1 (50%) |
Global IME Capital Limited |
Check Entitled Right Share |
Download |
| 2 |
Jyoti Bikas Bank Limited |
1:1 (100%) |
Siddhartha Capital Limited |
Check Entitled Right Share |
Download |
| 3 |
Siddhartha Insurance Limited |
5.2:1 (19.38%) |
Laxmi Capital Market Limited |
(Not Available Online – contact Laxmi Capital) |
Download |
FMDBL has earned net profit of Rs 5.76 crore in the third quarter of the FY 2073/74. Its current paid up capital stands at Rs 26.45 crore. After issuance of 50% right share, its paid up capital will reach Rs 39.67 crore. As per its capital plan, FMDBL will provide 15% bonus share to its shareholders in the FY 2073/74. After this, its paid up capital will reach Rs 45.62 crore. It will again issue 50% right share next year, after which its paid up capital will reach Rs 68.44 crore.
JBBL has earned net profit of Rs 19.26 crore in the third quarter of the FY 2073/74. After the capitalization of 100% right shares, its paid up capital will reach Rs 2.20 arba. As a national level development bank, it should increase its paid up capital to a minimum of Rs 2.50 arba by the end of FY 2073/74. It recently signed an agreement to acquire Raptibheri Bikas Bank Limited.
SIL’s paid up capital currently stands at Rs 44.83 crore. After the issuance of right shares, its paid up capital will reach Rs 53.45 crore. It has an authorized capital of Rs 1 arba.
Siddhartha Insurance had earned net profit of Rs 8.33 crore in the second quarter of the FY 2073/74. As per Insurance Board’s directive for all non-life insurance companies to hike their capital to a minimum of Rs 1 arba by Ashad 2075, SIL will need to increase its capital by further Rs 46.55 crore (around 88%).
