Kamana Sewa Bikas Bank floating 15% right shares from Magh 15; Offer ends on Falgun 20

Kamana Sewa Bikas Bank Limited (KSBBL) will be floating 30,94,154.77 units right share to its shareholders in the ratio 10:1.5 (15%) from Magh 15, 2074. The right issue will remain open for 35 days before closing on Falgun 20, 2074. The book closure date has been set on Magh 3, 2074. Thus, only those shareholders holding their shares till Magh 2, 2074 i.e. one day ahead of the book closure date are eligible to apply right shares. NMB Capital Limited has been assigned as the issue manager for right share issue. Interested applicants can collect application forms from NMB Capital Limited, Nagpokhari, Kathmandu and also from designated branches of KSBBL and NMB Bank Limited. Securities Board of Nepal (SEBON) had given final approval to issue 10:1.5 (15%) right shares of Kamana Sewa Bikas Bank Limited (KSBBL) on Poush 24, 2074. Its paid up capital will reach to Rs 2.36 arba from existing Rs 2.05 arba after adjustment of 15% 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. Its LTP stood at Rs 179 as of last trading day. Offer Letter: