Janata Bank to issue 50% (1.03 crore unit) right share from Mangsir 1

Janata Bank Nepal Limited (JNBL) will be issuing 2:1 (50%) right shares to its existing shareholders from Mangsir 1, 2073. As per the notice published by the commercial bank today, the rights issue will remain open for 35 days before closing on Poush 5, 2073. Janata Bank will be issuing a total of 10,300,000 unit right shares at the face value of Rs 100. The book closure date for 50% right issue has been set for Kartik 11, 2073. Only the shares registered one day ahead of the book closure date i.e. Kartik 10, 2073 are 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 32.53 crore in the fourth quarter of the fiscal year 2072/73.