Last day to apply 50% right share of Purnima Bikas Bank; offer ends today

Existing shareholders have one more day left to file for 2:1 (50%) right shares of Purnima Bikas Bank Limited (PURBL) .The development bank has been issuing right shares from Bhadra 1, 2073 and today is the closing day for the same. The development bank has been issuing a total 10, 08, 543.59 unit right shares at the face value of Rs 100. The book closure date for 50% right issue was set for Shrawan 20, 2073. Only the shares registered one day ahead of the book closure date i.e. Shrawan 19, 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 and from central and all branch offices of Purnima Bikas Bank Limited and Siddhartha Bank Limited. After the adjustment of the rights shares, the bank’s total paid-up capital will reach to Rs 30.25 crore from existing Rs 20.17 crore. The bank has authorized capital of Rs 25 crore. Its public-promoter share structure stands at 70:30 ratios. Purnima Bikas Bank had earned a net profit of Rs. 6.53 crore in the fourth quarter of the last fiscal year 2072/73. Its last traded price stood (LTP) at Rs 545 as on September 19, 2016.