Last day to secure 50% Right Share of Agricultural Dev Bank; LTP stood Rs 1019; Book closure tomorrow

Today is the last day to get hold of 2:1 (50%) right share of Agricultural Development Bank Limited (ADBL). The book closure date for 50% right issues has been set on Ashwin 10, 2073 for one day. Only the shares registered one day ahead of the book closure date i.e. today (Ashwin 9, 2073) are eligible for the right shares. The bank will be  issuing 1, 96, 88, 000 units right share worth Rs 1.96 arba at the face value of Rs 100. Ace Capital Limited has been assigned as the issue manager for the right issue. Agriculture Development Bank has earned net profit of Rs 2.57 arba in the fourth quarter of the fiscal year 2072/73 as per unaudited report. Its paid up capital remains at Rs.10.37 arba (public share of Rs.3.93 arba and irredeemable preference shares of Rs.6.43 arba). After issuance of 50% right share it’s paid up capital will reach Rs 5.89 arba. Its last trading price stands at Rs 1,019 as on September 22, 2016.