Nagbeli Laghubitta to issue 50% (1.25 lakh units) Right Share from Mangsir 20; Book Closure on Mangsir 6

Nagbeli Laghubitta Bikas Bank Limited (NBBL) will be issuing 2:1 (50%) right shares to its existing shareholders from Mangsir 20, 2073. As per the notice published by the microfinance company today, the rights issue will remain open for 35 days before closing on Poush 24, 2073. Nagbeli Laghubitta will be 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 has been set for Mangsir 6, 2073. Only the shares registered one trading day ahead of the book closure date i.e. Mangsir 5, 2073 will be 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 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. It’s paid up capital stands at Rs 2.50 crore and after the issuance of 50 percent right share  and 60 percent bonus share it’s paid up capital will rise to Rs 6 crore. Its Last Traded Price stood at Rs 4, 794 as on November 14, 2016.