Last day to secure 100% & 50% Right Share of Sindhu Bikas Bank & Mithila Laghubitta respectively

Today is the last day to get hold of 1:1 (100%) right share of Sindhu Bikas Bank Limited (SINDU) to its existing shareholders. The book closure date for 100% right issues has been set for Shrawan 7, 2073. Only the shares registered one day ahead of the book closure date i.e today is eligible for the right shares. NIBL Capital Markets Limited has been assigned as the issue manager for the right issue. Sindhu Bikas Bank has earned net profit of Rs 1.45 crore in the third quarter of the fiscal year 2072/73. After the adjustment of the rights shares, the bank’s total paid-up capital will reach to Rs 24.18 crore from existing Rs 12.09 crore. Its last traded price stood at Rs 639 as on July 20, 2016. Likewise, today is the last day to get hold of 2:1 (50%) right share of Mithila Laghubitta Bittiya Sanstha Limited (MLBBL).The book closure date for 50% right issue has been set for Shrawan 7, 2073. Only the shares registered one day ahead of the book closure date i.e. today are eligible for the right shares. Mithila Laghubitta has earned net profit of Rs. 74.62 lakh in the third quarter of the current fiscal year. The paid up capital of the bank stands at Rs 3.39 crore. After the issuance of 50 5percent right share, the paid up capital will reach Rs 5.085 crore. Civil Capital Market Limited has been assigned as the issue manager for the right issue. Its last traded price stood at Rs 2500 as on July 20, 2016.