Last day to secure 33% Right Share of Prime Commercial Bank; LTP stood Rs 865

Today is the last day to get hold of 3:1 (33%) right share of Prime Commercial Bank Limited (PCBL). The book closure date for 33% right issue has been set for Shrawan 19, 2073. Only the shares registered one day ahead of the book closure date i.e. today (Shrawan 18) is eligible for the right shares. Prime Bank will be issuing a total of 3,70,52,62, 265 unit right shares at the face value of Rs 100. Civil Capital Markets Limited has been assigned as the issue manager for the right issue. PCBL has earned net profit of Rs.70.95 crore in the third quarter of the current fiscal year 2072/73. It’s paid up capital remains at Rs 3.70 arba. After issuance of 33.33 percent right share, the paid up capital will reach Rs 4.93 arba. Prime Commercial Bank has recently signed an agreement to acquire Biratlaxmi Bikas Bank Limited (BLDBL) and Country Development Bank Limited (CNDBL). Its last traded price stood at Rs 865 as on August 1, 2016.