Last day to secure 35% right share of Sahayogi Vikas Bank; LTP at Rs 453

Today is the last day to secure 35% right share of Sahayogi Vikas Bank Limited (SBBLJ). The register of their shareholders will close tomorrow (Baisakh 15, 2074). Only those shareholders holding shares one trading day ahead of the book closure date i.e. until today are eligible to apply for the right shares. SBBLJ will be issuing a total of 11,01,135 units right shares worth Rs 11.01 crore to its existing shareholders at Rs 100 per share from Jestha 1 to Ashad 4, 2074. After the capitalization of 35% right shares, its paid up capital will reach Rs 42.47 crore. As per NRB’s directive for all 1-3 district level development banks to increase their paid up capital to a minimum of Rs 50 crore by the end of FY 2073/74, SBBLJ will need to issue a further capital hike of Rs 7.52 crore (17.80%). SBBLJ has earned net profit of Rs 9.29 crore in third quarter of the FY 2073/74. Its LTP stands at Rs 453 as of yesterday.