Purnima Bikas Bank issuing 8.80 lakh units (25%) right shares from Asadh 19; offer ends Shrawan 22

Purnim Bikas Bank Limited (PURBL) is issuing 4:1 (25%) right shares to its existing shareholders from Asadh 19. The right issue will remain open for 35 days before closing on Shrawan 22, 2074. The bank is issuing a total of 880932.82 unit right shares worth Rs 8.80 crore at the face value of Rs 100. The book closure date for 25% right issue was set for Jestha 15, 2074 for one day. Only the shares registered one day ahead of the book closure date i.e. Jestha 14, 2074 are eligible for applying for the right shares. Siddhartha Capital Limited has been assigned as the issue manager for the right issue. Interested shareholders can collect the application forms from Siddhartha Capital,Naxal Kathmandu as well as from designated branch offices of  Siddhartha Bank and Purnima Bikas Bank. After the adjustment of the rights shares, the bank’s total paid-up capital will reach to Rs 44.04 crore from existing Rs 35.23 crore. The company has authorized capital of Rs 50 crore. Its public-promoter share structure stands at 51:49 ratio. Purnima Bikas Bank has earned net profit of Rs 7.53 crore in the third quarter of the FY 2073/74.