Last day to apply 50% right shares of Kabeli Bikas Bank; Global IME Capital manages the issue

Kabeli Bikas Bank Limited (KEBL) is closing its 50% right share issue today (Kartik 15, 2074). Kabeli Bikas Bank has been issuing a total of 3,50,880 unit right shares worth Rs 3.50 crore at the face value of Rs 100 from Bhadra 18, 2074. The book closure date was set for the 50% right issue on Shrawan 18, 2074. Only those shareholders holding shares traded one trading day ahead of the book closure date i.e. until Shrawan 17, 2074 are eligible to apply for the right shares. After the adjustment of the rights shares, the bank’s total paid-up capital will reach Rs 10.52 crore from the existing Rs 7.01 crore. The bank has authorized capital of 25 crore. Interested applicants can collect application forms from Global IME Capital Limited, Jamal, Kathmandu and from all branches of Kabeli Bikas Bank and designated branches of Global IME Bank. KEBL has earned net profit of Rs 2.34 crore in the fourth quarter of the last FY 2073/74. Kabeli Bikas Bank had signed an agreement to acquire Mount Makalu Development Bank Limited (MMDBL). MMDBL 50% right share is also in the SEBON pipeline.