Last day to secure 36% Right Share of Araniko Dev Bank; Book closure on Ashwin 28

Today is the last day to get hold of (10:3.6) 36% right share of Araniko Development Bank Limited (ARDBL) to its existing shareholders.. The book closure date for 36% right issue will be on Ashwin 28, 2073. Only the shares registered one trading day ahead of the book closure date i.e. today (Ashwin 20, 2073) will be eligible for the right shares. Araniko Development Bank will be issuing a total of 9, 28,190.34 unit right shares at the face value of Rs 100 from Kartik 8, 2073. Siddhartha Capital Limited is assigned as the issue manager for the right issue. ARDBL had earned net profit of Rs. 5.84 crore in the fourth quarter of the last fiscal year as per unaudited report. After the adjustment of the rights shares, the microfinance total paid-up capital will reach to Rs 35.06 crore from existing Rs 25.78 crore. The bank has authorized capital of Rs 64 crore. Its public-promoter share structure stands at 53.9:46.1 ratio. Its last traded price stood (LTP) at Rs  465 as on October 5 , 2016.