Last day to apply for Machhapuchchhre Bank's 50% (1.93 crore units) right share; offer ends today

Machhapuchchhre Bank Limited (MBL) has been issuing 2:1 (50%) right shares to its existing shareholders from Mangsir 19, 2073 and today (Magh 2, 2073) is the last day for the same. MBL had extended the deadline for the right issue previously set for Poush 24. Machhapuchchhre Bank is issuing a total of 1,93,22,700 unit right shares at the face value of Rs 100. The book closure date for 50% right issue was set for Kartik 12, 2073 for one day. Only the shares registered one trading day ahead of the book closure date i.e. Kartik 11, 2073 were eligible for the right shares. Civil Capital Market Limited is the issue manager for this right share issue. Interested shareholders can collect the application forms from Civil Capital Market Limited, Kamaladi, Kathmandu and from Machhapuchchhre Bank Limited and its branch offices. MBL has earned net profit of Rs 24.69 crore in the first quarter of the fiscal year 2073/74 as per unaudited report. Its paid up capital stands at Rs 4.66 arba and after the issuance of 50 percent right share, its paid up capital will rise to Rs 6.99 arba.