Mega Bank to issue 81.01 lakh unit Right Share from Shrawan 27; Paid up capital to reach Rs 4.05 arba

Mega Bank Limited (MEGA) will be issuing 4:1 (25%) right shares to its existing shareholders from Shrawan 27, 2073. According to the notice published by the bank today, the rights issue will remain open for 35 days before closing on Bhadra 29, 2073. Mega Bank will be issuing a total of 81, 01,438unit right shares at the face value of Rs 100. The book closure date for 25% right issues has been set for Shrawan 10, 2073. Only the shares registered one day ahead of the book closure date i.e. Shrawan 9, 2073 is 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 51:49ratio. Its last trade price (LTP) stood at Rs 601 as on July 21, 2016. Mega Bank has earned net profit of Rs 32.28 crore in the third 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.