Machhapuchchhre Bank issuing 50% (1.93 crore units) Right Share from today; offer closes on Poush 24

Machhapuchchhre Bank Limited (MBL) is issuing 2:1 (50%) right shares to its existing shareholders from today (Mangsir 19, 2073). The rights issue will close on Poush 24, 2073. Machhapuchchhre Bank is issuing a total of 1, 93, 22, 700 unit right shares at the face value of Rs 100. The book closure date for 50% right issue was for Kartik 12, 2073 for one day. Only the shares registered one trading day ahead of the book closure date i.e. Kartik 11, 2073 were eligible for the right shares. Civil Capital Market Limited is the issue manager for right share issue. Interested shareholders can collect the application forms from Civil Capital Market Limited, Kamaladi, Kathmandu and from Machhapuchchhre Bank Limited and its branch offices. MBL has earned net profit of Rs 24.69 crore in the first quarter of the fiscal year 2073/74 as per unaudited report. It’s paid up capital stands at Rs 4.66 arba and after the issuance of 50 percent right share it’s paid up capital will rise to Rs 6.99 arba. Its Last Traded Price (LTP) stood at Rs 526 as on December 1, 2016.