Last day to apply for 250% right issue of Sahara Bikas Bank; Paid-up capital to reach Rs 25.55 crore
Sun, Jul 8, 2018 1:38 AM on Dividend, Bonus & Rights, Latest, Stock Market,
Today is last day to apply for 250% right shares of Sahara Bikas Bank Limited (SHBL).
SHBL had published a notice regarding the extension of date for applying the right shares till Ashadh 24, 2075 i.e. today.
The development bank had issued 250% right shares to its shareholders from Jestha 6. The previous closing date for the issue was on Ashadh 10, 2075.
The bank is issuing 18,24,870 unit right shares to the shareholders holding shares till Baisakh 9, 2075.
NIBL Ace Capital has been appointed as the issue manager for the right issuance.
After the adjustment of 250% right shares, its paid-up capital will reach Rs 25.55 crore. It has reported net profit of Rs 87.55 lakh in the third quarter of the current fiscal year. The company is currently in the process of acquisition by Deva Bikas Bank Limited (DBBL).
Its LTP stands at Rs 460.
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