Nagbeli Laghubitta Bikas Bank Limited has extended its ongoing 50% right shares till Magh 10

Nagbeli Laghubitta Bikas Bank Limited (NBBL) has extended the closing date for its ongoing 2:1 (50%) right shares to its existing shareholders till Magh 10, 2073 (January 23, 2017). Earlier, the closing date was set for today (Poush 24). Nagbeli Laghubitta has been issuing a total of 1,25,000 unit right shares at the face value of Rs 100. The book closure date for 50% right issue was set for Mangsir 6, 2073. Only the shares registered one trading day ahead of the book closure date i.e. Mangsir 5, 2073 were eligible for the right shares. NMB Capital Markets Limited has been assigned as the issue manager for right share issue. Interested shareholders can collect the application forms from NMB Capital Market Limited, Nagpokhari Kathmandu. Also the application forms are available at NMB Bank and its branches andfrom Nagbeli Laghubitta Bikas Bank and its branch offices. Recently, Nagbeli Laghubitta has proposed 60 percent bonus share and 20 percent cash dividend to its shareholders from the net profit it earned in the last fiscal year 2072/73. NBBL has earned net profit of Rs 87.59 lakh in the first quarter of the fiscal year 2073/74 as per unaudited report. Its paid up capital stands at Rs 2.50 crore and after the issuance of 50% right share and 60% bonus share, its paid up capital will rise to Rs 6 crore.