Last day to hold the shares for 50% right issue of NCC Bank; Paid up capital to increase to Rs 7.01 arba
Mon, Jul 30, 2018 3:54 AM on Dividend, Bonus & Rights, Latest, Stock Market,
Today is the last day to hold the shares of Nepal Credit and Commerce Bank Limited (NCCB) to apply for the upcoming 50% right shares.
The shareholders register book will remain closed on Shrawan 115, 2075 i.e. tomorrow. So, the shareholders holding shares till today will be eligible to apply for the 50% right shares of the company.
The bank will be issuing 2,33,95,291 unit shares at par value of Rs 100.
Sunrise Capital has been appointed as the issue manager for the right share auction.
Currently, the paid up capital of the bank is Rs 4.67 arba. After the adjustment of the right shares, the paid-up capital of the bank will rise to Rs 7.01 arba. The bank will likely distribute bonus shares for the remaining Rs 99 crore to meet the minimum capital requirement of Rs 8 arba.
