Last day to clinch 214% right share of Kankai Bikas Bank; Book Closure tomorrow

Today is the last day to clinch 214% right share of Kankai Bikas Bank Limited (KNBL). The register of their shareholders will close tomorrow and only those shareholders with shares traded until today (i.e. Asadh 18, 2074) are eligible to apply for the right shares. Siddhartha Capital Limited has been appointed as the issue manager. KNBL had earned net profit of Rs 3.14 crore till the end of third quarter of FY 2073/74. Its paid up capital currently stands at Rs 15 crore and after the issuance of right shares, its paid up capital will reach Rs 47.10 crore. As a 1-3 district level development bank, KNBL should increase its paid up capital to a minimum of Rs 50 crore by the end of FY 2073/74.