Last day to secure 14.28% & 25% right share of Himalayan Bank & Kasthamandap Dev. Bank respectively

Existing shareholders have one last day to file for the 7:1 (14.28%) ratio right shares of Himalayan Bank Limited (HBL).The commercial bank has been issuing right shares from Kartik 26, 2073 and today is the closing day for the same. Himalayan Bank has been issuing a total of 64, 27,350 unit right shares at the face value of Rs 100. The book closure date for 14.28% right issue was set for Kartik 10, 2073 for one day. Only the shares registered one trading day ahead of the book closure date i.e. Kartik 9, 2073 were eligible for the right shares. Laxmi Capital Market Limited is assigned as the issue manager for the right issue. Interested shareholders can collect the application forms from Laxmi Capital, Hattisar, Kathmandu, all branch offices of Himalayan Bank. After the adjustment of the rights shares, the bank’s total paid-up capital will reach to Rs 5.24 arba from existing Rs 4.49 arba. The bank has authorized capital of Rs 8.50 arba. Its public-promoter share structure stands at 51:49 ratio. HBL has earned net profit of Rs 43.84 crore in the first quarter of the fiscal year 2073/74. Likewise, today is the last day to file for 4:1(25%) right share of Kasthamandap Development Bank Limited (KDBL). The developement bank has been issuing right shares from Kartik 26, 2073 and today is the closing day for the same. Kasthamandap Development Bank has been issuing a total of 16, 99,741.70 unit right shares at the face value of Rs 100. The book closure date for 25% right issue was set for Kartik 9, 2073 for one day. Since Kumari Bank and Kasthamandap Development Bank had signed an agreement for the acquisition process on Ashwin 17, only the shares registered till Ashwin 16, 2073 are eligible for the right shares. NCM Merchant Banking Limited is the issue manager for the right issue. Interested shareholders can collect the application forms from NCM Merchant, Kamaladi, Kathmandu, all branch offices of Kasthamandap Development Bank. After the adjustment of the rights shares, the development bank’s total paid-up capital will reach Rs 84.98 crore from the existing Rs 67.98 crore. The bank has authorized capital of Rs 2 arba. Its public-promoter share structure stands at 51:49 ratio. The development bank has earned net profit of Rs 5.03 crore in first quarter of the current fiscal year 2073/74.