Last day to clinch 40% right share of Century Commercial Bank; Book closure tomorrow

Today is the last day to clinch 40% right share of Century Commercial Bank Limited (CCBL). The register of their shareholders will close tomorrow i.e. Asadh 27, 2074. Only those shareholders holding shares one trading day ahead of the book closure date i.e. until today (Asadh 26, 2074) are eligible to apply for the right shares. CCBL will be floating a total of 18,854,257 units right shares to its shareholders at a face value of Rs 100 per share. Civil Capital Market Limited has been assigned as the issue manager. Century Commercial Bank’s paid up capital after recent acquisition of Innovative Development Bank and Araniko Development Bank stands at Rs 4.71 arba. The bank is in process to acquire Sagarmatha Finance, Seti Finance and Alpine Development Bank. Only the shareholders of Innovative and Araniko Development Bank are eligible for the right shares. Shareholders of Sagarmatha Finance, Seti Finance and Alpine Development Bank will not be eligible to apply for its upcoming 40% right shares. After the issuance of 40% right shares, its paid up capital will reach Rs 6.59 arba.