Karnali Dev Bank 50% right share offer starts from today

Karnali Development Bank Limited (KRBL) has called on its existing shareholders to start applying for 2:1 (50%) right share from today (Jestha 2, 2073). The rights issue will close on Ashad 5 2073. Only shareholders who have bought the shares and transferred them to their name before the book closure date on Baisaskh 14, 2073 would be eligible to apply for the right shares. Karnali Development Bank is issuing a total of 4, 00,000 unit right share at the face value of Rs 100. Growmore Merchant Banker limited has been assigned as the issue manager for the right issue. Interested shareholders can collect the application forms from the any branch of Karnali Bikas Bank as well as from Growmore Merchant Bank located at Durbarmarg, Kathmandu. After the adjustment of the rights shares, the bank’s total paid-up capital will reach to Rs 12 crore from the existing Rs 8 crore. The bank has authorized capital of Rs 20 crore. Karnali Bikas bank had earned net profit of Rs 16.92 lakh in the second quarter of the current fiscal year 2072/73. Its last traded price stood (LTP) at Rs 198 as on April 24, 2016.