Kamana Sewa Bikas Bank & Shree Investment & Finance Company floating 15% & 83% right shares from today, Offer ends on Falgun 20

Kamana Sewa Bikas Bank Limited (KSBBL) is floating 30,94,154.77 units right share to its shareholders in the ratio 10:1.5 (15%) from today (Magh 15, 2074). The right issue will remain open for 35 days before closing on Falgun 20, 2074. The book closure date was 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 13.61 lakh in the second quarter of fiscal year 2074/75. Its LTP stood at Rs 162 as of last trading day. Offer Letter: Shree Investment & Finance Limited (SIFC) is also issuing 100:83 (83%) right share to its shareholders from today (Magh 15, 2074). The rights issue will remain open for 35 days before closing on Falgun 20, 2074. The book closure date was set on Poush 30, 2074. Thus, only those shareholders holding their shares till today (Poush 26, 2074) i.e. days ahead of the book closure date or last trading day are eligible to apply for the right share. SIFC is issuing 10:8.3 (83%) right share (28,67,225.62 unit of worth Rs 28.67 crore) to its existing shareholders at par value of Rs 100. The issue manager for the right issue is Siddhartha Capital Limited. Interested applicants can collect application forms from Siddhartha Capital Limited, Naxal, Kathmandu and from designated branches of SIFC. Its paid up capital stand at Rs 34.54 crore. After the issuance of proposed 83% right share, its paid up capital will reach Rs 63.20 crore, As per NRB’s requirement for all finance company to increase their paid up capital to a minimum of Rs 80 crore by the end of FY 2073/74, SIFC will need to issue a further capital hike of Rs 16.8 crore (around 26.5%). It had earned Rs 1.01 crore in the first quarter of the FY 2074/75 Its LTP stood at Rs 240 as of last trading day. Announcement: