Om Development Bank issuing 30% (49.31 lakh units) Right Shares from today; offer ends on Kartik 26

Om Development Bank Limited (ODBL) is issuing 49,31,835 units right shares to its shareholders in the ratio 10:3 (30%) from today (Asoj 23, 2074). The rights issue will remain open for 35 days before closing on Kartik 26, 2074. The book closure date for the 30% right issue was set for Bhadra 30, 2074. Only those shareholders holding shares traded one trading day ahead of the book closure date i.e. until Bhadra 29, 2074 are eligible to apply for the right shares. NIBL Capital Markets Limited is the issue manager for the right issue. Interested applicants can collect application forms from NIBL Capital Markets Limited, Lazimpat, Kathmandu and also from designated branches of Om Development Bank Limited and Nepal Investment Bank Limited. Its paid up capital currently stands at Rs 1.64 arba and after adjustment of right share its paid up capital will reach Rs 2.13 arba. As per NRB’s directive for all national level development banks, the bank should increase its paid up capital to Rs 2.50 arba by the end of FY 2073/74. ODBL had earned net profit of Rs 43.34 crore till the end of fourth quarter of FY 2073/74.