Last day to clinch 130% right shares of Saptakoshi Development Bank; LTP at Rs. 367

Today is the last day to secure 130% right shares of Saptakoshi Development Bank Limited (SKDBL). Only the shares registered one day ahead of the book closure date i.e. till today (Ashad 13, 2074) are eligible to apply for the right shares. Saptakoshi Development Bank will be issuing a total of 2,743,000 unit right shares at the face value of Rs 100. NMB Capital Limited has been assigned as the issue manager for right share issue. SKDBL has earned net profit of Rs 1.66 crore in the third quarter of the FY 2073/74. Its paid up capital currently stands at Rs 21.10 crore. After the issuance of 130 percent right share, its paid up capital will reach Rs 48.53 crore. As per NRB’s directive for all 1-3 district level development banks to maintain a minimum paid up capital of Rs 50 crore by the end of FY 2073/74, SKDBL will need to further increase its paid up capital by only 3%.