Last day to apply Tinau Development Bank 5.46 lakh units 25% (4:1) ratio right shares

Existing shareholders have one more day to file for the 4:1(25%) ratio right shares of Tinau Bikas Bank Limited (TNBL).The development bank has been issuing right shares from Falgun 28, 2072 and today is the closing day for the same. TNBL has been floating 5, 46,192.5 units right shares of face value of Rs 100 per share. Only shareholders who owned shares before the book closure date on Falgun 16, 2072 would be eligible to apply for the right shares. Interested eligible shareholders can collect the application forms from the any branch of Tinau Bikas Bank Limited as well as from Siddhartha Capital Limited located at Hanumansthan, Anamnagar, Kathmandu. The issue manager of this right share is Siddhartha Capital Limited. The company’s paid up capital at present stands at Rs 21.84 crore. After the listing of these right shares, the paid up capital of Tinau Bikas Bank will reach 27.30 crore. Its promoter- public ratio is at 51% to 49%. Tinau Bikas Bank Limited (TNBL) has reported a net profit of Rs 2.56 crore in the second quarter for the fiscal year 2072/73. Its last trading Price (LTP) stood at Rs 327 as on April 12, 2016.