Kamana Bikash Bank endorses 4:1 right issue through special general meeting

ShareSansar, June 20:

Kamana Bikas Bank Limited's special general meeting has approved 4:1 right shares for the shareholders.

The special meeting held at Hotel Fewa Prince at Khundhara in Pokhara took the decision to this effect this morning after the company’s Board of Directors last month decided to pledge the right shares to shore up the paid-up capital of the company.

It may, however, be noted that the development bank based in Pokhara had announced the book closure for the right issue from June 9, which means that only those shareholders who already hold the scrip by June 8 are entitled to the right shares.