Muktinath Bikas Bank & Guheswori Merchant issuing 50% right share each from today

Muktinath Bikas Bank Limited (MNBBL) is issuing 2:1 (50%) right shares to its existing shareholders from today (Ashwin 21, 2073). The rights issue will close on Kartik 25, 2073. MuktinathBikas Bank is issuing a total 41, 92,163.75 unit right shares at the face value of Rs 100. Only shareholders who have bought the shares and transferred them to their name before the book closure date on Bhadra 30, 2073 would be eligible to apply for the right shares. NIBL Capital Markets Limited has been assigned as the issue manager for the right issue. Interested shareholders can collect the application forms from NIBL Capital Markets Limited, Lazimpat, Kathmandu and from all branch offices of Muktinath Bikas Bank Limited. After the adjustment of the rights shares, the bank’s total paid-up capital will reach to Rs 1.25 arba from existing Rs 83.84 crore. The bank has authorized capital of Rs 2.50 arba. Its public-promoter share structure stands at 51:49 ratio. MNBBL has earned net profit of Rs. 35.88 crore in the fourth quarter of the last fiscal year. Likewise, Guheswori Merchant Banking and Finance Limited is issuing 2:1 (50%) right shares to its existing shareholders from today. The right share will close on Kartik 25, 2073. Likewise, Guheswori Merchant Banking and Finance is issuing a total 14, 68, 697 unit right shares at the face value of Rs 100. The book closure date for 50% right issue has been set for Bhadra 19, 2073. Only the shares registered one day ahead of the book closure date i.e. Bhadra 18, 2073 are eligible for the right shares. NIBL Capital Markets Limited has been assigned as the issue manager for right share issue. Interested shareholders can collect the application forms from NIBL Capital Markets Limited, Lazimpat, Kathmandu and from central and all branch offices of Guheswori Merchant Banking & Finance Limited. After issuance of 50 percent right share, the paid up capital will reach to Rs 44.06 crore from existing Rs 29.37 crore. The bank has authorized capital of Rs 80 crore. Its public-promoter share structure stands at 51:49 ratios. GMFIL has earned net profit of Rs 7 crore in the fourth quarter of the current fiscal year 2072/73.