Last day to secure 15% right shares of Kamana Sewa Bikas Bank; LTP at Rs 175

Today is the last day to secure 15% right shares of Kamana Sewa Bikas Bank Limited (KSBBL). The book closure date has been set on Magh 3, 2074. Thus, only those shareholders holding their shares till today (Magh 2, 2074) i.e. one day ahead of the book closure date are eligible to apply right shares. It will be issuing 30,94,154.77 unit (15%) right shares worth Rs 30.94 crore of Rs 100 per share to its shareholders from Magh 15 to Falgun 20, 2074.. The issue manager for the right issue is NMB Capital Limited. Its paid up capital will reach to Rs 2.36 arba from existing Rs 2.05 arab after adjustment of right shares. To meet the capital requirement of Rs 2.5 arba, it should hike its capital by Rs 14 crore (around 5.93%). It had earned net profit of Rs 20.61 lakh in the first quarter of fiscal year 2074/75. Its LTP stood at Rs 175 as of last trading day.