Last day to secure 23.74% Right Shares of Nepal Bank; Book Closure tomorrow

Today is the last day to get hold of 100:23.74 (23.74%) right shares of Nepal Bank Limited (NBL). The book closure date for 23.74% right issue has been set for Chaitra 29, 2073. Only the shares registered one trading day ahead of the book closure date i.e. until today (Chaitra 28, 2073) are eligible to apply for the right shares. Nepal Bank will be issuing 23.74% right shares to its shareholders from Baisakh 7, 2074. The Bank has earned net profit of Rs 1.89 arba in the second quarter of the current fiscal year 2073/74. After the adjustment of the rights shares, the bank’s total paid-up capital will reach Rs 8.04 arba from the existing Rs 6.49 arba. The bank has authorized capital of Rs 10 arba. Its public-promoter share structure stands at 62.21:37.79 ratio.