Karnali Development Bank extended 33.97 lakh unit (225%) right shares issue till Chaitra 1

Karnali Development Bank Limited (KRBL) has extended the right share application date. As per the notice published in newspaper today, existing shareholders can submit right share application till Chaitra 1, 2074. KRBL has been issuing 33,97,500 units right share to its shareholders in the ratio 1:2.25 (225%). The right issue was open from Magh 11, 2074. The book closure date was set on Poush 20, 2074. Only those shareholders that have shares traded ahead of the book closure date, i.e. till Poush 19, 2074 i.e. one day ahead of the book closure date are eligible to for right shares. Prabhu Capital Limited has been assigned as the issue manager for right share issue. Interested applicants can collect application forms from Prabhu Capital Markets Limited, Lazimpat, Kathmandu and also from designated branches of KRBL and Prabhu Bank Limited. The development bank’s SGM held on Ashad 3, 2074 had endorsed 1:2.25 right shares to their shareholders. Its paid up capital stand at Rs 15.10 crore and after issuance of 225% right share its paid up capital will reach Rs 49.07 crore. It has posted net loss of Rs 1.69 crore in the first quarter of the FY 2074/75. Its LTP stood at Rs 128 as of last trading day.