Om Development proposes 25% right shares; paid up to reach 1.31 arba after issuance of right shares

The BoD meeting of Om Development Bank Limited (ODBL) held on Jestha 20, 2073 has proposed 25% right shares to its shareholders. The paid up capital of Om Development Banks stands at Rs 1.05 arba and after the issuance of 25% right shares its paid up capital will reach to Rs 1.31 arba. The bank has earned net profit of Rs 14.01 crore in the third quarter of the fiscal year 2072/73. Om Development Bank Limited had resumed its trading in Nepal Stock Exchange Limited (NEPSE) from  Jestha 26, 2073 (Yesterday) after the successful merger between Om Finance and City Development Bank. Its trading resumed at Rs 273. The merged entity had commenced joint operation from Chaitra 22, 2072 The last trading price of ODBL stands at Rs 330.