Right Shares Issue Open: Narayani Development Bank (NABBC) issuing 1: 1 Right Shares from Today

Tue, Jan 26, 2021 5:20 AM on Latest, Dividend, Bonus & Rights,

Narayani Development Bank Limited (NABBC) is issuing 6,56,169 units right shares in the ratio 1:1 to its shareholders from today, i.e. Magh 13.

The issue will open today, i.e. 13th Magh, 2077, and conclude on 3rd Falgun, 2077. The company had applied in SEBON to issue the right shares totaling 6,56,169 units. SEBON had then approved the issue on Poush 20.

The book closure for the issue of the right shares was announced on Poush 29. Thus, investors maintained till Poush 28 are entitled to apply for the right shares from today.

As a side note, the company has already proposed another issue of the right shares, this time in the ratio 1:2. After the upcoming issue of the 1:1 right shares, the paid-up capital will increase to Rs. 13,12,33,800 from the previous Rs. 6,56,16,900. The new 1:2 ratio right shares will then be issued on the newly formed paid-up capital of Rs. 13,12,33,800. This will then take the company's paid-up capital to Rs. 39,37,01,400.