Prabhu Bank extends 40% right share issue date till Falgun 23; shareholders have 10 more days 

Prabhu Bank Limited (PRVU) has extended the right shares issue date by 10 days. As per the notice published by the bank today, shareholders can apply for the 40% right shares till Falgun 23, 2074. Previously, the closing date was set today (Falgun 13, 2074). The rights issue was open from Magh 7, 2074. The 104^th BOD meeting of the bank held on Poush 9, 2074 had set the book closure date on Poush 21, 2074. Thus, only those shareholders owning shares till Poush 20, 2074 are eligible to participate in the AGM. Sunrise Capital Market Limited is the issue manager for the right issue. PRVU has been issuing 2.35 crore units right shares worth Rs 2.35 arba to its existing shareholders at a face value of Rs 100 per share. SEBON had given approval for the issuance of right shares on Poush 6, 2074. Interested applicants can collect application forms from Sunrise Capital Market and designated branches of Prabhu Bank Limited Its paid up capital will reach to Rs 8.24 arba after 40% right share adjustment from existing Rs 5.88 arba. It had posted net profit of Rs 63.49 crore in the second quarter of the FY 2074/75. Its LTP stood at Rs 230 as of last trading day.