Kabeli Bikas 2:1 right shares open from today; shareholders before Chait 25 can apply

ShareSansar April 23:

Existing shareholders of Kabeli Bikas Bank Limited (KEBL) can start filing for 2:1 right shares from today. The bank’s 6th AGM held on Poush 20, 2071 had decided to offer 2:1 right shares to its existing shareholders.

Only those investors who bought the shares and got them transferred to their names before the book closure date on Chait 25 will be eligible to apply for the right shares.

The last date for filing applications for the rights issue has been set for Jestha 13.

The bank will issue a total of 1,72,000 unit right shares at the face value of Rs 100. Interested existing shareholders can apply for the shares at the office of the bank’s share registrar, Global IME capital Limited, which is located at Rastriya Naach Ghar, Jamal, Kathmandu

The forms would also be available at Kabeli Bikas Bank’s head office as well as branch offices.  

Kabeli Bikas Bank earned a net profit of Rs 10.79 million in the year 2070/71. Likewise, Kabeli posted a net profit of Rs 5.17 million in the 2nd quarter of the fiscal year 2071/72.

The company’s EPS stands at Rs 31.38 and net worth per share at Rs 142.45, as per the financial statement for the second quarter of the fiscal year 2071/72.