Only 2 trading days left to secure 150% Right Share of Sahara Bikas Bank; Book closure on Bhadra 22

Sahara Bikas Bank Limited (SHBL) SGM held on Poush 16, 2072 had approved 1:1.5 (150%) right shares to its shareholders and now the development bank has announced book closure date for the same. The right issue was approved by Securities Board of Nepal (SEBON) on Shrawan 32, 2073. The book closure date for 150% right issues has been set for Bhadra 22, 2073 for one day. Only the shares registered one day ahead of the book closure date i.e. Bhadra 21, 2073 (tomorrow) will be eligible for the right shares. Global IME Capital Limited has been assigned as the issue manager for the right issue. SHBL had earned a net profit of Rs. 1.003 crore in the fourth quarter of the last fiscal year 2072/73 as per unaudited report. The paid up capital of the development bank stands at  2.36 crore. After the issuance of 150 percent, the paid up capital will reach Rs 6.5 crore. Its last traded price (LTP) stood at Rs 1,279 as on September 4, 2016.