Last day to clinch Mission Dev. Bank 50% right share; Book Closure tomorrow

Today is the last day to get hold of 2:1 (50%) right share of Mission Development Bank Limited (MDBL). The book closure date for the right issue has been set for Ashwin 12, 2072. Only shareholders who have bought the shares of  the development bank and transferred them to their name before the book closure date on Ashwin 12 would be eligible to apply for the right shares. The paid up capital of 1-3 districts geographical area development bank category stands at Rs 11.50 crore. After the issuance of 50 percent right shares worth  Rs 5.75 crores  its paid up capital will increase to Rs 17.25 crores. ICRA Nepal has assigned an “[ICRANP] IPO Grade 4”, indicating below-average fundamentals to the proposed rights issue amounting NPR 57.5 million of Mission Development Bank Limited (MDBL).