Last day to clinch 4:1 rights shares of Innovative Dev Bank
Tue, Sep 16, 2014 12:00 AM on Dividend, Bonus & Rights,
ShareSansar, September 16:
Innovative Development Bank is closing its 4:1 rights shares from today.
2,62,500 units of right shares are being floated since Shrawan 28th after the capital market regulator Sebon approved the issuance on Asadh 23.
After the adjustment of the rights shares, its paid-up capital will reach Rs 13.13 crore. NMB Capital is the issue manager of the bank.
According to the unaudited financial statement of the development bank, its net profit has surged from Rs 1.51 crore to Rs 2.70 crore as of the previous fiscal year 2069/70.
The profit was mainly fueled by the core business of the company as the net interest income has risen to Rs 6.39 crore up from Rs 4.29crore.
