Last day to apply 130% & 166.67% right shares of Saptakoshi Development Bank & Himalayan General Insurance respectively

Existing shareholders have one more day to file for the 130 percent and 166.67 percent right shares of Saptakoshi Development Bank Limited (SKDBL) and Himalayan General Insurance Limited (HGI) respectively. Today is closing day for the same. Saptakoshi Development Bank has been issuing a total of 2,743,000 unit right shares worth Rs 27.43 crore at the face value of Rs 100 from Ashadh 30, 2074. The book closure date for 130% right issue was set on Ashad 14, 2074. Only the shares registered one day ahead of the book closure date i.e. Ashad 13, 2074 are eligible for the right shares. NMB Capital Limited has been assigned as the issue manager for Saptakoshi Development Bank right issue. SKDBL’s current paid up capital remains at Rs 21.10 crore. After the issuance of 130% right, its paid-up capital will reach Rs 48.53 crore. It has an authorized capital of Rs 1 arba. Its promoter-public ratio stands at 60:40. As per NRB’s directive for all 1-3 district level development banks to maintain a minimum paid up capital of Rs 50 crore by the end of FY 2073/74, SKDBL will need to further increase its paid up capital by only 3%. Himalayan General Insurance has been issuing 64,20,000 units right share to its shareholders from Asadh 28, 2074. The book closure date for the rights issue was set on Asadh 16, 2074. Only those shares registered one trading day ahead of the book closure date i.e. till Asadh 15, 2074 are eligible to apply for the right shares. NMB Capital Limited is the issue manager for this right issue. Interested applicants can collect application forms from NMB Capital, Naxal and from designated branches of NMB Bank Limited. HGI has earned net profit of Rs 13.19 crore in the fourth quarter of FY 2073/74. Its current paid up capital remains at Rs 38.52 crore. After issuance of this 166.67% right share, its paid up capital will reach Rs 1.02 arba.