Last day to secure 100% right share of Bhargav Bikas Bank Limited; LTP at Rs 369

Today is the last day to secure 100% right shares of Bhargav Bikas Bank Limited. Only those shareholders holding shares of the development bank until today will be eligible to apply for the right shares. The register of their shareholders will close tomorrow (Falgun 12, 2073). BHBL will be issuing 12,00,000 units right shares worth Rs 12 crore to its shareholders at a par value of Rs 100 per share from Falgun 24 to Chaitra 28, 2073. NIBL Capital Markets Limited is the issue manager for the right. BHBL has earned Rs 1.8 crore in the second quarter of the fiscal year 2073/74. Its paid up capital stands at Rs 14.40 crore. After the issuance of 100% right, its paid up capital will reach Rs 26.40 crore. As per NRB’s requirement for all 1-3 district level development banks to increase their paid up capital to a minimum of Rs 50 crore by the end of FY 2073/74, BHBL will need to issue a further 89% capital hike. Its last traded price stood at Rs 369 as of yesterday (February 21, 2017).