Mahakali Bikas Bank starts distributing 1:2 right share certificates
Tue, Aug 12, 2014 12:00 AM on Others,
ShareSansar, August 12:
Mahakali Bikas Bank Limited has started distributing the share certificates of its 1:2 right issue from today.
The development bank based in Kanchanpur had floated 8 lakh units of right shares at the face value of Rs 100 earlier this year.
It may be noted that only those who already held the shares of the bank by April 3 are entitled for the right shares.
The shareholders who applied for the right shares can collect the certificates from the branches of Mahakali Bikas Bank and Ace Development Bank as well as at the office of Ace Capital Limited at Lal Colony, Lal Durbar, Kathmandu.
It may also be noted that ICRA Nepal, the only credit rating agency in the country, had assigned Grade 4 to the issue.
