Kamana Sewa Bikas Bank 15% right shares added in SEBON pipeline for approval

Kamana Sewa Bikas Bank Limited (KSBBL) has been added in Securities Board of Nepal (SEBON) pipeline to request approval for the issuance of right shares in the ratio 10:1.5 (15%). It is seeking approval to issue 30,94,154.77 unit (15%) right shares worth Rs 30.94 crore of Rs 100 per share to its shareholders . The issue manager for the right issue is NMB Capital Limited. Its paid up capital will reach to Rs 2.36 arba from existing Rs 2.05 arab after adjustment of right shares. To meet the capital requirement of Rs 2.5 arba, it should hike its capital by Rs 14 crore (around 5.93%). It had earned net profit of Rs 20.61 lakh in the first quarter of fiscal year 2074/75.