Reminder; Last day to clinch 25% right share of NIC Asia Bank

Today is the last day to get hold of 4:1 (25%) right share of NIC Asia Bank Limited (NICA). The book closure date for 4:1 right issues has been set for Baisakh 31, 2073. Only the shares registered one day ahead of the book closure date i.e. today is  eligible for the right shares. NICA had earned a net profit of Rs.  50.20 crore in the second quarter of the current fiscal year. The paid up capital of the bank stands at Rs 3.69 arba . After the issuance of 25 percent, the paid up capital will stand at Rs 4.61 arba. Civil Capital Market Limited has been assigned as the issue manager for the right issue. Its last traded price stood at Rs 920 as on May 11, 2016. ICRA Nepal has assigned an “[ICRANP] IPO Grade 3”, indicating average fundamentals to the proposed rights issue.