Last day to apply 100% right share of Nepal Community Dev Bank; LTP stood at Rs 304

Existing shareholders have one more day to file for the 1:1 (100%) ratio right shares of Nepal Community Development Bank (NCDB) .The development bank has been issuing right shares from Baisakh 30, 2073 and today is the closing day for the same. The bank has offered a total of 10, 00,000 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 Baisakh 17, 2073 would be eligible to apply for the right shares. NIBL Capital Markets Limited is the issue manager for the right issue. Interested shareholders can collect the application forms from any branch of Nepal Community Development Bank as well as from NIBL Capital Markets Limited located at Lazimpat, Kathmandu. After the adjustment of the rights shares, the development bank’s total paid-up capital will reach to Rs 20.95 crore from the existing Rs 10.95 crore. The bank has authorized capital of Rs 30 crore. Its promoter public share ratio stand at 70:30. NCDB had earned net profit of Rs.1.35 crore in second quarter of the last fiscal year 2072/73. Its last traded price stood at Rs 304 as on June 14, 2016.