Last day to apply 50% right share of Miteri Development Bank; Offer closes today

Existing shareholders have one more day to file for the 2:1(50%) ratio right shares of Miteri Development Bank Limited (MDB). The development bank has been issuing right shares from Kartik 1, 2073 and today is the closing day for the same. Miteri Development Bank is issuing a total 10, 56,369.60 unit right shares 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 Ashwin 6, 2073 would be eligible to apply for the right shares. Prabhu Capital Limited is the issue manager for the right issue. Interested shareholders can collect the application forms from Prabhu Capital Limited, Kamaladi, Kathmandu and from all branch offices of Miteri Development Bank Limited. After the adjustment of the rights shares, the bank’s total paid-up capital will reach to Rs 31.69 crore from existing Rs 21.12 crore. The bank has authorized capital of Rs 50 crore. Its public-promoter share structure stands at 51:49 ratio. MDB has earned net profit of Rs 2.58 crore in the first quarter of the current fiscal year 2073/74. Its Last Traded Price stood (LTP) at Rs 836 as on October 16, 2016. Please click here for previous news