Last day to apply for 50% & 69.49% Right Share of Mithila Laghubitta & Alpine Dev Bank respectively

Existing shareholders have one more day left to file for 2:1 (50%) ratio right shares of Mithila Laghubitta Bikas Bank Limited (MLBBL). The microfinance company has been issuing right shares from Shrawan 19, 2073 and today is the closing day for the same. The microfinance has been issuing a total of 1, 69,740 units’ right shares at the face value of Rs 100. Civil Capital Market Limited is the issue manager for this right share issue. Interested shareholders can collect the application forms from any branch of Mithila Laghubitta Bikas Bank, as well as from Civil Capital Limited located at Kamaladi,, Kathmandu. After the adjustment of the rights shares, the bank’s total paid-up capital will reach to Rs 5.09 crore from the existing Rs 3.39 crore. The bank has authorized capital of Rs 10 crore. Mithila Laghubitta has earned net profit of Rs. 74.62 lakh in the third quarter of the current fiscal year. Its promoter- public ratio is at 70% to 30%. Its last traded price stood at Rs 1465 as on September 5, 2016.   Likewise, today is the last day to file for 3:2.08 (69.49%) ratio right shares of Alpine Development Bank Limited (ALDBL). The right shares issue is closing today. Alpine Development Bank has been issuing a total of 820,000 unit right share at the face value of Rs 100. NMB Capital limited is the issue manager for the right issue. Interested shareholders can collect the application forms from the any branch of Alpine Development Bank and NMB Bank also from NMB Capital Limited located at Naxal, Kathmandu. After the adjustment of the rights shares, the bank’s total paid-up capital will reach to Rs 20 crore from the existing Rs 11.80 crore. The bank has authorized capital of Rs 20 crore. Alpine Development Bank has earned net profit of Rs 4.69 crore in the fourth quarter of the fiscal year 2072/73. Its LTP stood at Rs 480 as on September 5, 2016.