Last day to secure 100% right share of Jyoti Bikas Bank; Book Closure tomorrow

Today is the last day to get hold of 1:1 (100%) right shares of Jyoti Bikas Bank Limited (JBBL). The bank has set the book closure date for the right issue on Baisakh 14, 2074. Only those shareholders holding shares that have been traded one trading day ahead of the book closure date i.e. until today are eligible to apply for the right shares JBBL will be issuing a total of 1,10,43,171 units right shares worth Rs 1.10 arba to its existing shareholders at par value of Rs 100 per share. After the capitalization of 100% right shares, its paid up capital will reach Rs 2.20 arba. As a national level development bank, it should increase its paid up capital to a minimum of Rs 2.50 arba by the end of FY 2073/74. It recently signed an agreement to acquire Raptibheri Bikas Bank Limited. Its last traded price stood at Rs 397 as of yesterday (Baisakh 12, 2074).