Nagbeli Laghubitta issuing 25% right shares from Ashwin 11 ; book closure on Bhadra 29

Tue, Sep 8, 2015 12:00 AM on Dividend, Bonus & Rights,

ShareSansar September 8:

Nagbeli Laghubitta Bikas Bank Limited (NBBL) will be issuing Right Shares from Ashwin 11, 2072. The company has offered right shares of face value Rs 100 at the ratio of 4:1 (25%) for its existing shareholders. NBBL ‘s  5th AGM held on Poush 30, 2071 had endorsed 4:1 right shares.

The book closure  date for the right issue has been set for Bhadra 29. Only the shares registered one day ahead of the book closure date, i.e. Bhadra 28 will be eligible for the right shares.

NMB Capital Limited is the issue manager of this issue.

The company has a paid up capital of Rs 2 crore and after adjusting right shares the paid up capital will rise to Rs 2.50 crore.

The closing day for the right share issue is on Kartik 15 after the office time.

NBBL has posted net profit of Rs.1.76 crore in the 4th quarter of the fiscal year 2071/72. Its EPS Stands at Rs 88.19 and net worth per share at Rs 206.64.

Its last trading price stands at Rs 2,163 as on September 2, 2015.