Last day to clinch 100% right share of Laxmi Bank & 30% right share of Sanima Bank

Investors interested in applying for 100% right shares of Laxmi Bank Limited (LBL) have only one more day to secure the right shares. LBL will be issuing a total of 3.15 crore unit right shares to its shareholders in the ratio 1:1 (100%). It has set Chaitra 18, 2073 as the book closure date for this purpose. Only those shareholders having shares one day ahead of the book closure date i.e. till today (Chaitra 17, 2073) are eligible to apply for the right shares. LBL has proposed 18.29% bonus shares from the profits it earned in FY 2072/73. All right share allottees are also eligible for 18.29% bonus shares. After the issuance of 100% right and 18.29% bonus, its paid up capital will reach Rs 7.47 arba. Its last traded price stood at Rs 780 as of yesterday. Likewise, today is also the last day to secure 30% right shares of Sanima Bank Limited (SANIMA). Only those shareholders holding shares one trading day ahead of the book closure date i.e. until today (Chaitra 17, 2073) are eligible to apply for the right shares. SANIMA will be floating a total of 1,59,17,617 units right shares to its shareholders at a face value of Rs 100 per share. CBIL Capital Limited has been assigned as the issue manager. SANIMA has earned net profit of Rs 62.25 crore in the second quarter of the fiscal year 2073/74. Its paid up capital currently stands at Rs 5.30 arba. After the issuance of 30% right shares, its paid up capital will reach Rs 6.90 arba. As per NRB’s directive for all commercial banks to increase their paid up capital to a minimum of Rs 8 arba by the end of FY 2073/74, SANIMA will need to issue a further capital hike of around 16%. SANIMA's last traded price stood at Rs 560 as of yesterday (March 29, 2017).