Only 4 trading days left to secure 25% right shares of Citizens Bank; Book Closure on Falgun 26

Citizens Bank International Limited (CZBIL) has recently been approved by SEBON for issuing 1,38,43,379 units right shares in the ratio 10:2.5 (25%). The book closure date for the right shares has been set for Falgun 26, 2073. As per the notice published by the commercial bank today, the register of their shareholders will close on Falgun 26, 2073. Only those shareholders holding shares one trading ahead of the book closure date i.e. on Falgun 24, 2073 will be eligible to apply for the right shares. CZBIL’s paid up capital currently stands at Rs 5.53 arba. After the issuance of 25% right shares, its paid up capital will reach Rs 6.92 arba. As per NRB’s requirement for all commercial banks to increase their paid up capital to Rs 8 arba by the end of FY 2073/74, CZBIL will need to increase its capital by a further 15.6%. Its last traded closing price stood at Rs 430 as of March 1, 2017.