Mission Dev. Bank 100% right share added in Sebon pipeline

Mission Development Bank Limited (MIDBL) has been added in Securities Board of Nepal (SEBON) right share pipeline to seek approval to issue 1:1 (100%) right share. Vibor Capital Limited has been assigned as the issue manager for the right share issue. Mission Development Bank’s 6^th AGM held on Falgun 30, 2072 had endorsed 100 % right share i.e. 19, 49,250 units to its existing shareholders. Mission Dev. Bank has earned net profit of Rs 1.73 crore in the first quarter of the fiscal year 2073/74 Its paid up capital remains at Rs 19.49 crore, and after the issuance of 100 percent right share, its paid up capital will reach Rs 38.98 crore. Its last traded price (LTP) stood at Rs 565 as on December 22, 2016.