Metro Development 15% right shares offer to close today; 2,78,504.4 units floated
Wed, Sep 2, 2015 12:00 AM on Dividend, Bonus & Rights,
ShareSansar, September 2;
Pokhara based Metro Development Bank Limited (METRO) has been issuing Right Shares from Shrawan 14 and today (Bhadra 16) is the closing day for the same.
Metro Development Bank's 5th AGM held on Kartik 29, 2071 had endorsed20:3 (15%) right share to its shareholders.
The bank is offering 2, 78,504.4units right shares at the face value of Rs 100 for its existing shareholders.
NCM Merchant Banking Limited is the issue manager of this issue located at Kamal Pokhari Kathmandu.
After the issuance of 15 percent right shares of the development bank, the Paid up capital will increase from the existing Rs 185.66 million to Rs 213.52 million.
The Bank had given 16% bonus share to its shareholders from the profit it made in 2070/71 FY.
Its last traded price stood at Rs 325 as on August 31.
