Last day to apply for 50% (41 lakh units) right share of Triveni Bikas Bank; Offer ends today

Existing shareholders have one more day to file for the 2:1 (50%) ratio right shares of Triveni Bikas Bank Limited (TBBL) .The development bank has been issuing right shares from Kartik 23, 2073 and today is the closing day for the same. Triveni Bikas Bank has issuing a total of 41, 00,076.42 unit right shares at the face value of Rs 100. The book closure date for 50% right issue was set for Kartik 1, 2073 for one day. Only the shares registered one trading day ahead of the book closure date i.e. Ashoj 30, 2073 were eligible for the right shares. Ace Capital Limited is assigned as the issue manager for the right issue. Interested shareholders can collect the application forms from Ace Capital Limited, Lal Durbar, Kathmandu, all branch offices of Triveni Bikas Bank and Ace Development Bank and also from Mahakali Bikas Bank Limited, Mahendranagar and Dhandagi. After the adjustment of the rights shares, the development bank total paid-up capital will reach to Rs 1.23 arba from existing Rs 82 crore. The development bank has authorized capital of Rs 2.50 arba. Its public-promoter share structure stands at 51:49 ratio. Its last trade price (LTP) stood at Rs 346 as on October 27, 2016. TBBL had earned net profit of Rs. 2.49 crore in the first quarter of the current fiscal year 2073/74. Trading of  Triveni Bikas Bank has been suspended from November 3, 2016 in Nepal Stock Exchange Limited (NEPSE) for the merger process with Janata Bikas Bank Limited (JNBL).