Last day to apply for 100% right shares of Laxmi Bank; offer ends today

Laxmi Bank Limited (LBL) is closing 1:1 (100%) right shares to its existing shareholders from today (Jestha 14, 2074). The rights issue was opened from Baisakh 3, 2074. Laxmi Bank is issuing a total of 3,15,90,303 unit right shares at the face value of Rs 100. The book closure date for 100% right issue has been set for Chaitra 18, 2073. Only the shares registered one trading day ahead of the book closure date i.e. until Chaitra 17, 2073 are eligible for the right shares. Siddhartha Capital Limited is  the issue manager for right share issue. After the adjustment of the rights shares, the bank’s total paid-up capital will reach Rs 6.31 arba from the existing Rs 3.15 arba. The bank has authorized capital of Rs 10 arba. Interested shareholders can collect the application forms from Siddhartha Capital, Naxal, Kathmandu, and all branch offices of Laxmi Bank as well as from Laxmi Capital Markets Limited. LBL has proposed 18.29% bonus shares from the profits it earned in FY 2072/73. All right share allottees are also eligible for 18.29% bonus shares. After the issuance of 100% right and 18.29% bonus, its paid up capital will reach Rs 7.47 arba.