Last day to secure 200% right shares of RSDC Laghubitta; 20% & 5 % bonus share of NIC Asia Bank & Nepal Insurance respectively

Today is the last day to secure 200% right shares of RSDC Laghubitta Bikas Bank Limited (RSDC) , 20 percent and 5 percent bonus share of NIC Asia Bank Limited (NICA) and Nepal Insurance Company Limited (NICL). RSDC Laghubitta has decided to close the register of their shareholders tomorrow (Bhadra 16, 2073) for the purpose of issuing right share. Only those shareholders that have shares traded ahead of the book closure date are eligible to apply for the right shares. SEBON had given approval for the issuance of right shares on Shrawan 5, 2074. RSDC Laghubitta is issuing 2,300,000 units shares at a face value of Rs 100 per share. NIBL Capital Markets Limited has been assigned as the issue manager for right share issue. RSDC has earned net profit of Rs 1.96 crore in the fourth quarter of the FY 2073/74. Its paid up capital currently stands at Rs  11.50 crore. After the issuance of 200% right share, its paid up capital will reach Rs 34.50 crore. Likewise, NIC Asia Bank is closing their register of shareholders for the purpose of bonus shares and AGM on Bhadra 16 to Bhadra 30, 2074. Only those shares traded one day ahead of the book closure date i.e. until today(Bhadra 15, 2074) are eligible for bonus share and for participation in the AGM. The bank has earned Rs 1.46 arba in the fourth quarter of the FY 2073/74.Its paid up capital stands at Rs 6.69 arba and after distribution of 20% bonus shares, it will reach Rs 8.03 arba. Also, Nepal Insurance Company Limited (NICL) will be convening its 67^thand 68^th Annual General Meeting (AGM) on Bhadra 30, 2074. The AGM is going to be held at Russian Science and Cultural Center, Kamalpokhari, Kathmandu at 10.00 AM. The register of their shareholders is closing from Bhadra 16 to Bhadra 30, 2074 for the purpose of this AGM. Only those shares traded one day ahead of the book closure date i.e. within Bhadra 15, 2074 are eligible for bonus share and for participation in the AGM. A separate book closure notice will be published for the right shares. After 5% bonus shares, its paid up capital will reach Rs 30.19 crore from existing Rs 28.76 crore. And after issuance of 100% right shares, it will reach to Rs 60.40 crore. As per the capital plan submitted by NICL, it may also go into merger with other insurance company to meet the capital requirement of Rs 1 arba as per Insurance Board. NICL has earned Rs 11.20 crore in the fourth quarter of the FY 2073/74. Its LTP stood at Rs 1516 as of August 30, 2017.