Kankrebihar Bikas Bank to issue 1:0.5 right shares from Kartik 16; only the shareholders owning the shares till Ashwin 26 will be entitled for the right share

Kankrebihar (KKBL) will be issuing 1:0.5 right shares from Kartik 16, 2072 for its existing shareholders. Only those shareholders owning shares till Ashwin 26, 2072 will be entitled to the right share of the company. The special general meeting held on June 28, 2014 had endorsed 1:0.5 ratios of right shares to increase its paid up capital. After the issuance of right shares its paid up capital will reach to Rs 5.17 crore. The development bank will issue a total of 1,72,500 unit rights share at the face value of Rs 100. The closing date for the right issue has been set for Mangsir 20. Interested existing shareholders can apply for the shares at office of the bank’s Share Registrar Growmore Merchant Banker Limited, which is located at DurbarMarg, Kathmandu. Kankrebihar has reported a net profit of Rs 56.73 lakh in the fourth quarter of the last fiscal year.