Last day to clinch 50% Right Share of Triveni Bikas Bank ; Book Closure tomorrow

Today is the last day to get hold of 2:1 (50%) right share of  Triveni Bikas Bank Limited (TBBL). The book closure date for 50% right issue has been set for Kartik 1, 2073 for one day. Only the shares registered one trading day ahead of the book closure date i.e. today (Ashwin 30, 2073) are eligible for the right shares. Trveni Bikas Bank will be issuing a total of 4,100,076.42 unit right shares at the face value of Rs 100. Ace Capital Limited has been assigned as the issue manager for right share issue. TBBL BOD held on Bhadra 22, 2073 has proposed 19 percent bonus share to its shareholders from the net profit it earned in the last fiscal year 2072/73. TBBL had earned net profit of Rs. 19.25 crore in the fourth quarter of the last fiscal year. The paid up capital of the development bank stands at Rs 82 crore. After the issuance of 50 percent right share, the paid up capital will reach to Rs 1.23 arba. ICRA Nepal has assigned an “[ICRANP] IPO Grade 4”, indicating below-average fundamentals to the proposed right issue.