Only 5 trading days left to clinch 214% right share of Kankai Bikas Bank; Book closure on Asadh 19

Kankai Bikas Bank Limited (KNBL) has set Asadh 19, 2074 as the book closure date for the purpose of its upcoming 214% right share. Only those shareholders having shares traded one trading day ahead of the book closure date i.e. till Asadh 18, 2074 are eligible for the right shares. Siddhartha Capital Limited has been appointed as the issue manager. KNBL had earned net profit of Rs 3.14 crore till the end of third quarter of FY 2073/74. Its paid up capital currently stands at Rs 15 crore and after the issuance of right shares, its paid up capital will reach Rs 47.10 crore. As a 1-3 district level development bank, KNBL should increase its paid up capital to a minimum of Rs 50 crore by the end of FY 2073/74.