Janata Bank 50% right share deadline extended till Poush 10; 5 days left to apply for right share

Janata Bank Nepal Limited (JNBL) has extended its 2:1 (50%) right share deadline to Poush 10, 2073. Earlier the right share deadline was set for today. The commercial bank has been issuing right shares from Mangsir 1, 2073. The commercial bank’s 202nd BOD meeting has decided to postpone the right share deadline. Janata Bank has been issuing a total of 10,300,000 unit right shares at the face value of Rs 100. The book closure date for 50% right was set for Kartik 11, 2073. Only the shares registered one day ahead of the book closure date i.e. Kartik 10, 2073 were eligible for the right shares. NCM Merchant Banking Limited has been assigned as the issue manager for the right issue. Interested shareholders can collect the application forms from NCM Merchant Banking Limited, Kamalpokhari Kathmandu and from all branch offices of Janata Bank Limited. It’s paid up capital remains at Rs 2.06 arba. After the adjustment of 50 percent right share, its paid up capital will reach to Rs 3.09 arba from current Rs 2.06 arba. The bank has authorized capital of Rs 10 arba. Its public-promoter share structure stands at 51:49 ratio. JBNL has earned net profit of Rs 6.39 crore in the first quarter of the fiscal year 2073/74. Trading of Janata Bank has been halted in Nepal Stock Exchange Limited following the merger process with Triveni Bikas Bank Limited.