Jhimruk Bikas Bank 10:1 right shares issuance from Chaitra 17 to Baisakh 21; Paid up capital will reach 5.33 crore

Jhimruk Bikas Bank Limited (JHBL) has called on its existing shareholders to start applying for 10:1(10%) right share from Chaitra 17, 2072. According to the notice published by the development bank today, the rights issue will remain open for 35 days before closing on Baisakh 21, 2072.

Only shareholders who have bought the shares and transferred them to their name before the book closure date on Falgun 27, 2072 would be eligible to apply for the right shares.

Jhimruk Bikas Bank will be issuing a total of 48,500 unit right share at the face value of Rs 100.

Growmore Merchant Banker limited is the issue manager for the right issue.

Eligible shareholders can collect the application forms from the any branch of Jhimruk Bikas Bank as well as from Growmore Merchant Bank located at Durbarmarg, Kathmandu.

After the adjustment of the rights shares, the bank’s total paid-up capital will reach to Rs 5.33 crore from the existing Rs 4.85 crore. The bank has authorized capital of Rs 10 crore.

Jhimruk had earned net profit of Rs 91.08 lakh in the second quarter of the current fiscal year 2072/73.

Its last traded price stood at Rs 384 as on January 14, 2016.

The trading of Jhimruk Bikas Bank has been suspended for going into merger process. Jhimruk Bikas Bank has entered into a merger process with Hamro Bikas Bank and Jyoti Bakas Bank