Prabhu Bank issuing 40% (2.35 crore units) right shares from today; Offer ends on Falgun 13

Prabhu Bank Limited (PRVU) is issuing 10:4 (40%) right share to its shareholders from today (Magh 7, 2074). The rights issue will remain open for 35 days before closing on Falgun 13, 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 will be 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 25.07 crore in the first quarter of the FY 2074/75. Its LTP stood at Rs 242 as of last trading day. Click here to see announcement: