Last day to apply Century Commercial Bank 25% right share

Shareholders of Century Commercial Bank Ltd. (CCBL) as of Ashwin 19, 2072 get one more day to apply for the 4:1 (25%) right share issued by the bank. The commercial bank has been issuing right shares from Kartik 16, 2072 and today is the closing day for the same. CCBL is issuing a total of 53, 00,000 rights share at the face value of Rs 100 for its existing shareholders. Eligible  shareholders can apply for the shares at office of the CCBL’s Share Registrar Civil Capital Markets Limited which is located at Kamaladi, Kathmandu. The paid up capital of the bank stands at 2.12 arba. After the issuance of 25 percent, the paid up capital will stand at Rs 2.65 arba. CCBL had earned a net profit of Rs 25.79 crore in the fourth quarter of the last fiscal year 2071/72. ICRA Nepal has assigned an “[ICRANP] IPO Grade 4+”, indicating below-average fundamentals to the proposed rights issue.