Last day to apply for 50% right share of Karnali Dev Bank; LTP stood at Rs 292

Existing shareholders have one more day left to file for 2:1 (50%) ratio right shares of Karnali Development Bank Limited (KRBL). The development bank has been issuing right shares from Jestha 2, 2073 and today is the closing day for the same. Karnali Development Bank had issued a total of 4, 00,000 unit right share at the face value of Rs 100. Growmore Merchant Banker limited has been assigned as the issue manager for the right issue. Interested shareholders can collect the application forms from the any branch of Karnali Bikas Bank as well as from Growmore Merchant Bank located at Durbarmarg, Kathmandu. After the adjustment of the rights shares, the bank’s total paid-up capital will reach to Rs 12 crore from existing paid up capital Rs 8 crore. The bank has authorized capital of Rs 20 crore. Karnali Bikas bank had earned net profit of Rs 15.33 lakh in the third quarter of the current fiscal year 2072/73. Its last traded price stood (LTP) at Rs 292 as on July 13, 2016.