Mega Bank issuing 81.01 lakh unit Right Share from today; closes on Bhadra 29

Mega Bank Nepal Limited (MEGA) is issuing 4:1 (25%) right shares to its existing shareholders from today (Shrawan 27, 2073). The rights issue will close on Bhadra 29, 2073. Mega Bank is issuing a total of 81, 01,438 unit right shares at the face value of Rs 100. The book closure date for 25% right issues was set for Shrawan 10, 2073. Only the shares registered one day ahead of the book closure date i.e. Shrawan 9, 2073 are eligible for the right shares. Global IME Capital Limited has been assigned as the issue manager for the right issue. Interested shareholders can collect the application forms from Global IME Capital Limited, Rastriya Naachghar, Jamal, Kathmandu and all branch offices of Mega Bank After the adjustment of the rights shares, the bank total paid-up capital will reach to Rs 4.05 arba from existing Rs 3.24 arba . The bank has authorized capital of Rs 10 arba. Its public-promoter share structure stands at 51:49 ratio. Its last trade price (LTP) stood at Rs 514 as on August 10, 2016. Mega Bank has earned net profit of Rs 55.20 crore in the fourth quarter of the fiscal year 2072/73. The bank has 44 branches, 53 Branchless Banking outlets, 45 Mega ATM Counters, 1400 Mega Remittance Centers and one extension counter.