Nagbeli Laghubitta Bikas Bank Limited (NBBL) is closing its 2:1 (50%) right today

Nagbeli Laghubitta Bikas Bank Limited (NBBL) has been issuing 2:1 (50%) right shares to its existing shareholders from Mangsir 20, 2073 and today (Magh 10, 2073) is the closing day for the same. It had extended the date for right issue, previously set for 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 Market 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 and from 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 percent right share and 60 percent bonus share, its paid up capital will rise to Rs 6 crore.