Muktinath Bikas Bank & Guheswori Merchant to issue 50% right share each on Ashwin 21; Miteri Dev. Bank to float 50% right share on Kartik 1

Muktinath Bikas Bank Limited (MNBBL) will be issuing 2:1 (50%) right shares to its existing shareholders from Ashwin 21, 2073. According to the notice published by the development bank today, the rights issue will remain open for 35 days before closing 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. Its last traded price stood (LTP) at Rs 1,203 as on September 18 , 2016. Similarly, Guheswori Merchant Banking and Finance Limited (GMFIL) will be issuing 2:1 (50%) right shares to its existing shareholders from Ashwin 21, 2073. As per the notice published by the finance company today, the right share will open from Ashwin 21 till Kartik 25, 2073. Guheswori Merchant Banking and Finance Limited 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. Its last traded price stood (LTP) at Rs 325 as on September 18, 2016. Likewise, Miteri Development Bank Limited (MDB) will be issuing 2:1 (50%) right shares to its existing shareholders from Kartik 1, 2073. According to the notice published by the development bank today, the rights issue will remain open for 35 days before closing on Mangsir 5, 2073. Miteri Development Bank is issuing a total 10, 56,369.60 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 Ashwin 6, 2073 would be eligible to apply for the right shares. Prabhu Capital Limited has been assigned as the issue manager for the right issue. Interested shareholders can collect the application forms from Prabhu Capital Limited, Kamaladi , Kathmandu and from all branch offices of Miteri Bikas Bank Limited. After the adjustment of the rights shares, the bank’s total paid-up capital will reach to Rs 31.69 crore  from existing Rs 21.12 crore. The bank has authorized capital of Rs 50 crore. Its public-promoter share structure stands at 51:49 ratio. MDB has earned net profit of Rs 9.72 crore in the fourth quarter of the last fiscal year 2072/73. Its last traded price stood (LTP) at Rs 1,283 as on September 18 , 2016.