Kabeli Bikas Bank closing 11:4 right issue today

ShareSansar, March 17:

Kabeli Bikas Bank Limited is finally closing the issuance of its 11:4 ratio right shares today.

The development bank had issued 80,000 units of the right shares at the face value of Rs 100 on January 19, and had initially planned to close the issue on February 23.

Notably, the bank has already announced the book closure for the same on December 20 last year; hence only those who held shares of the bank till December 19 are eligible for the rights shares.

Elite Capital Limited at Jamal, Kathmandu is the issue manager.