Last day to apply for 20% right shares of Kumari Bank; Paid-up capital to reach Rs 7.15 arba after the right issuance
Thu, Jun 14, 2018 1:10 AM on Dividend, Bonus & Rights, Latest, Stock Market,
Kumari Bank Limited (KBL) has been issuing 20% right shares for its existing shareholders from Baisakh 28, 2075 and today (Jestha 31, 2075) is the last day to apply for the same.
The bank is issuing a total of 1,19,38,991.65 unit right shares at a par value of Rs 100 per share.
The book closure date for the right share issuance had been set on Baisakh 10, 2075 i.e. the shareholders holding the shares of Kumari Bank till Baisakh 9, 2075 are eligible for the 10:2 right shares.
NIBL Ace Capital has been appointed as the issue manager for the right issue.
The interested applicants can collect the application forms from NIBL Ace Capital or any designated branches of Kumari Bank Limited. Right share eligibility can be checked at NIBL Ace Capital.
Currently, the paid-up capital of the bank stands at Rs 5.96 arba. After the issuance of the right shares, the paid-up capital of the bank will stand at Rs 7.15 arba. The bank’s paid-up capital will still be short by Rs 85 crore from the requirement set by Nepal Rastra Bank which is much likely to be attained by issuance of bonus share.
Its LTP stood at Rs 213 as of last trading day.
