Last day to apply 10% right share of Jhimruk Bikas Bank

Existing shareholders have one more day to file for the 10:1 (10%) ratio right shares of Jhimruk Bikas Bank Limited (JHBL). The development bank has been issuing right shares from Chaitra 17, 2072 and today is the closing day for the same. The bank has offered a total of 48,500 unit right share at the face value of Rs 100. Only shareholders who have bought the shares and transferred them to their name before the book closure date on Falgun 27, 2072 would be eligible to apply for the right shares. 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 Jhimruk 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 5.33 crore from the existing Rs 4.85 crore. The bank has authorized capital of Rs 10 crore. Jhimruk had earned net profit of Rs 91.08 lakh in the second quarter of the current fiscal year 2072/73. Its last traded price stood at Rs 384 as on January 14, 2016. The trading of Jhimruk Bikas Bank has been suspended for going into merger process. Jhimruk Bikas Bank has entered into a merger process with Hamro Bikas Bank and Jyoti Bakas Bank