Last day to clinch 20% right shares of Kumari Bank
Sun, Apr 22, 2018 12:32 AM on Latest, Stock Market, Book Closure, Dividend, Bonus & Rights,
Today is the last day to clinch 10:2 (20%) right shares of Kumari Bank Limited (KBL).
The book closure date for the right share issuance has been set on Baisakh 10, 2075 i.e. the shareholders holding the shares of Kumari Bank till Baisakh 09 (today) will be eligible for the 10:2 right shares.
NIBL Ace Capital has been appointed as the issue manager for the right issue.
Currently, the paid-up capital of the bank stands at Rs 5.96 arba. After the issuance of the right shares, the paid-up capital of the bank will stand at Rs 7.15 arba. The bank’s paid up capital will still be short by 85 crore from the requirement set by Nepal Rastra Bank which is much likely to be attained by issuance bonus share.
