Mega Bank to refund right shares non-allottees from Magh 10; applicants to get refund in respective bank A/C directly

Mega Bank has refunded excess money collected from investors on Magh 10, 2074. It had floated 2,97,85,034.63 unit right shares worth Rs 2.97 arba as 65% right shares. Applicants who have updated their bank account in their respective Demat account have been refunded on Magh 10, 2074 and the amount has been directly deposited in their respective bank accounts (bank and financial institutions providing NCHL-IPS facility). Other non-allotted investors have to visit their respective collection centers with receipt to collect their refund money through account payee cheque from Magh 22, 2074. Nabil Investment Banking Limited was the issue manager for the right shares. Of the total 2,97,85,034.63 units right shares only 2,79,44,295 units were allotted to 1,48,874 applicant shareholders on Mangsir 28, 2074. The bank will be selling unsubscribed right shares through auction. Thus, bank will be auctioning 18,40,739.63 units shares at Rs 100 and above. The bank will further publish notice regarding the auction details. MEGA had floated right shares to its shareholders from Bhadra 27 to Kartik 14, 2074. At present, Mega Bank has paid-up capital of Rs 7.37 arba, while the paid-up capital of Tourism Development Bank is Rs 2.1 arba. Mega Bank and Tourism Bank are in the merger process in the ratio of 100:95. The merged entity will have paid-up capital of Rs 9.37 arba. After the declared 9.45% bonus share, the paid-up capital will reach Rs 10.25 arba.