Last day to apply 100% Right Share of Bhargav Bikas Bank; Offer closes today

Existing shareholders have one more day to file for the 1:1 (100%) ratio right shares of Bhargav Bikas Bank Limited (BHBL). The development bank has been issuing right shares from Falgun 24, 2072 and today is the closing day for the same. Bhargav Bikas Bank Limited is issuing 12,00,000 units right shares at a face value of Rs 100 to its existing shareholders. The register of the shareholders has been closed on Falgun 12, 2073. Only those shareholders owning shares one day of the book closure date i.e. Falgun 11, 2073 are eligible to apply the shares. Shareholders can check their right share eligibility at their website. NMB Capital Limited is the issue manager for the right issue. Application forms can be collected from NMB Capital Limited, Nagpokhari, Naxal, Kathmandu, and from branches of Bhargav Bikas Bank and NMB Bank Limited. BHBL had earned Rs 1.8 crore in the second quarter of the fiscal year 2073/74. Its paid up capital stands at Rs 14.40 crore. After the issuance of 100% right, its paid up capital will reach Rs 26.40 crore. As per NRB’s requirement for all 1-3 district level development banks to increase their paid up capital to a minimum of Rs 50 crore by the end of FY 2073/74, BHBL will need to issue a further 89% capital hike.