Last day to apply for 50% right share each of Muktinath Bikas Bank & Guheswori Merchant Finance

Existing shareholders have one more day to file for the 2:1(50%) ratio right shares of Muktinath Bikas Bank Limited (MNBBL). The development bank has been issuing right shares from Ashwin 21, 2072 and today is the closing day for the same. Muktinath Bikas Bank is issuing a total 41, 92,163.75 unit right shares at the face value of Rs 100. Only shareholders who have bought the shares and transferred them to their name before the book closure date on Bhadra 30, 2073 would be eligible to apply for the right shares. NIBL Capital Markets Limited has been assigned as the issue manager for the right issue. Interested shareholders can collect the application forms from NIBL Capital Markets Limited, Lazimpat, Kathmandu and from all branch offices of Muktinath Bikas Bank Limited. After the adjustment of the rights shares, the bank’s total paid-up capital will reach to Rs 1.25 arba from existing Rs 83.84 crore. The bank has authorized capital of Rs 2.50 arba. Its public-promoter share structure stands at 51:49 ratio. MNBBL has earned net profit of Rs. 35.88 crore in the fourth quarter of the last fiscal year. Likewise, today is the closing day for 2:1(50%) ratio right shares of Guheswori Merchant Banking and Finance Limited (GMFIL). The development bank has been issuing right shares from Ashwin 21, 2072. Guheswori Merchant Banking and Finance is issuing a total 14, 68, 697 unit right shares at the face value of Rs 100. The book closure date for 50% right issue has been set for Bhadra 19, 2073. Only the shares registered one day ahead of the book closure date i.e. Bhadra 18, 2073 are eligible for the right shares. NIBL Capital Markets Limited has been assigned as the issue manager for right share issue. Interested shareholders can collect the application forms from NIBL Capital Markets Limited, Lazimpat, Kathmandu and from central and all branch offices of Guheswori Merchant Banking & Finance Limited. After issuance of 50 percent right share, the paid up capital will reach to Rs 44.06 crore from existing Rs 29.37 crore. The bank has authorized capital of Rs 80 crore. Its public-promoter share structure stands at 51:49 ratios.