Prabhu, Machhapuchchhre Bank & 2 other companies right share added in SEBON pipeline for approval

Prabhu Bank Limited (PRVU), Machhapuchchhre Bank Limited (MBL), Kankai Bikas Bank Limited (KNBL) and Alpine Development Bank Limited (ALDBL) have been added in Securities Board of Nepal (SEBON) right share pipeline for approval to issue 10:4(40%), 10:1.2 (12%), 1:2.14 (214%) and 3:2.08 (69.33%) right share respectively. NCM Merchant Banking Limited, Siddhartha Capital Limited and NMB Capital Limited have been assigned as the issue manager for these four upcoming right share issue. Prabhu Bank 18^th AGM conducted on Poush 8, 2073 had endorsed the agenda to issue 40% right shares. The bank’s paid up capital stands at Rs 5.88 arba. After the issuance of right shares, the paid up capital will reach 8.23 arba. PRVU will be issuing a total of  23,525,608 units right shares worth Rs 2.35 arba to its shareholders at the par value of Rs 100 Similarly, Machhapuchchhre Bank 18^th AGM held on Poush 22, 2073 had approved 12 % right share  to its existing shareholders. The same meeting had also approved 20.75% bonus share to its shareholders. MBL  will be issuing a total of  7,918,440 units right shares worth Rs 79.18 crore  to its shareholders at the par value of Rs 100. After the allotment of shares in this auction, and the capitalization of 20.75% bonus and further 12% right share, its paid-up capital will reach 7.39 arba. Likewise, Kankai Development Bank 10^th AGM held on Mangsir 25, 2073 had approved 214 % right share to its existing shareholders. The same meeting had also approved 20% bonus share to its shareholders. KNBL will be issuing a total of 3,210,000. units right shares worth Rs 32.10  crore to its shareholders at the par value of Rs 100. Its paid up capital stand at Rs 15 crore and after the issuance of right shares, its paid up capital will reach Rs 47.1  crore. Also, Alpine Development Bank 9^th AGM held on Poush 29, 2073 had approved 69.33% right share to its existing shareholders. The same meeting had also approved14.5% bonus share to its shareholders. ALDBL will be issuing a total of 1,803,247 units right shares worth Rs 18.03  crore to its shareholders at the par value of Rs 100. Its paid up capital remains at Rs 26.007 crore. After issuance 69.33% right share, its paid up capital will reach to Rs 44.03 crore