Raptibheri Bikas Bank’s 200% right share in SEBON pipeline

Raptibheri Bikas Bank has been added in SEBON pipeline to seek approval for the issuance of right shares in the ratio 1:2. NMB Capital Ltd. has been appointed as the issue manager for the right. RBBBL is seeking approval for issuance of 2,875,308.20 units right shares to be floated at a par value of Rs 100. Its SGM held on Bhadra 17, 2073 had endorsed 200% right shares to its shareholders. After the issuance of 200% right shares, its paid up capital will reach Rs 43.12 crore from existing Rs 14.37 crore. As per NRB's requirement for all 1-3 district level development banks to hike their paid up capital to Rs 50 crore, it will need to increase its capital by a further 16% by the end of FY 2073/74.