Last day to apply 36% (9.28 lakh units) right share of Araniko Dev. Bank

Existing shareholders have one more day to file for the 10:3.6 (36%) ratio right shares of Araniko Development Bank Limited (ARDBL) The development bank has been issuing right shares from Kartik 8, 2073 and today is the closing day for the same. The dev. bank has been issuing a total of 9, 28,190.34 unit right shares at the face value of Rs 100. The book closure date for 36% right issue was on Ashwin 28, 2073. Only the shares registered one trading day ahead of the book closure date i.e. Ashwin 20, 2073 are eligible for the right shares. Siddhartha Capital Limited is the issue manager for the right issue. Interested shareholders can collect the application forms from Siddhartha Capital Limited, Anamnagar, Kathmandu, all branch offices of Araniko Development Bank and Siddhartha Bank. After the adjustment of the rights shares, the development bank's total paid-up capital will reach to Rs 35.06 crore from existing Rs 25.78 crore. The bank has authorized capital of Rs 64 crore. Its public-promoter share structure stands at 53.9:46.1 ratio. Its last traded price (LTP) stood at Rs 370 as on October 16 2016. ARDBL had earned net profit of Rs. 81.72 lakh in the first quarter of the current fiscal year as per unaudited report.