Century bank extends its date for the 25% right shares till Mangsir 29

Century Commercial Bank has extended the date for the  4:1(25%) right shares issue due to the present unstable situation. Now the investors can apply for the right share issue till 29 Mangsir,2072. Century Commercial Bank 4^thAGM held on Falgun 28, 2071 had endorsed 4:1(25%) right shares to their shareholders. Only the shares registered one day ahead of the book closure date i.e. Ashwin 19 are eligible for the right shares. CCBL had earned net profit of Rs 25.79 crore in the fourth quarter of the last fiscal year 2071/72. The paid up capital of the bank stands at 2.12 arba. After the issuance of 25 percent right, the paid up capital will stand at Rs 2.65 arba. ICRA Nepal has assigned an “[ICRANP] IPO Grade 4+”, indicating below-average fundamentals to the proposed rights issue.