Machhapuchchhre Bank allots 5:1 right shares; 276,595.44 units unsubscribed

Machhapuchchhre Bank Limited (MBL) had issued 55, 52,500.93 units’ right shares at face value of Rs 100 per share from Ashwin 17, 2072 to till Mangsir 02, 2072. The commercial bank has allotted 4:1 right share to its shareholders on Poush 03, 2072.Only the shareholders having their name registered in the company’s book from the date Ashoj 17, 2072-Mangsir 2, 2072 were eligible to apply the right share of the commercial bank. Out of 13,666 applications, 13,627 applicants’ shareholders were allotted 52, 75,905.49 units of ordinary share. Nabil Investment Banking Limited is the issue manager for the commercial bank. The notice regarding right share certificate distribution will be published very soon.