Last day to clinch 100% right share of Nepal Community Development Bank
Thu, Apr 28, 2016 3:00 AM on Latest, Featured, Book Closure, Stock Market,
Today is the last day to get hold of 1:1 (100%) right share of Nepal Community and Development Bank Limited (NCDB) for the fiscal year 2071/72.
The book closure date for 1:1 right issues has been set for tomorrow (Baisakh 17, 2073) . Only the shares registered one day ahead of the book closure date i.e. today (Baisakh 16) is eligible for the right shares.
NCDB 5th AGM held on Poush 26, 2071 had approved 1:1 (100%) right shares to their shareholders. It will be issuing 1:1 (100%) right share to its existing shareholders from Baisakh 30, 2073.
NIBL Capital Markets Limited has been assigned as the issue manager for the right issue.
ICRA Nepal has assigned an “[ICRANP] IPO Grade 4”, indicating below-average fundamentals to the proposed rights issue.
NCDB had earned net profit of Rs.1.35 crore in fourth quarter of the last fiscal year 2071/72. The paid up capital of the development bank stands at Rs 10 crore and after issuance of 1:1 right share the paid up capital of the development bank will rise to Rs 20 crore. .
Its last traded price stood at Rs 500 as on April 27, 2016.
