Karnali & Lumbini Bikas Bank floating 225% & 10% right shares respectively from today; offer ends Falgun 16

Karnali Development Bank Limited (KRBL) is floating 33,97,500 units right share to its shareholders in the ratio 1:2.25 (225%) from today (Magh 11, 2074). The right issue will remain open for 35 days before closing on Falgun 16, 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. Offer Letter: Likewise, Lumbini Bikas Bank Limited (LBBL) is also floating 20,08,878.47 units right share to its shareholders in the ratio 10:1 (10%) from today (Magh 11, 2074). The right issue will remain open for 35 days before closing on Falgun 16, 2074. The book closure date was set on Poush 21, 2074. Only those shareholders that have shares traded ahead of the book closure date, i.e. till Poush 20, 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 Limited, Lazimpat, Kathmandu and also from designated branches of LBBL and Prabhu Bank Limited. Securities Board of Nepal (SEBON) had given final approval to issue 10:1 (10%) right shares of Lumbini Bikas Bank Limited (LBBL) on Poush 13, 2074. Its current paid up capital stands at Rs 2.01 arba. After adjustment of 10% right shares, it will reach to Rs 2.21 arba. To meet the capital requirement of Rs 2.50 arba, it should further hike its capital by Rs 29 crore (around 13%). It had earned Rs 14.37 crore in the second quarter of the FY 2074/75. Its LTP stood at Rs 170 as of last trading day. Offer Letter: