Right Shares Open for Application: Citizen Investment Trust (CIT) issuing 1,35,92,592 units

Tue, Jan 12, 2021 9:50 AM on Latest, Dividend, Bonus & Rights,

Citizen Investment Trust (CIT) is issuing its 1:0.8284 ratio i.e., 1,35,92,592 units right share to its shareholders from today, i.e. Poush 28, 2077. The right issue will close on Magh 19, 2077.

The company is issuing 1.35 crores units worth Rs. 1.35 Arba at Rs. 100 per share to its shareholders. The book closure for the issue was on Poush 14, 2077. Thus, investors maintained before that day are entitled to apply for this issue.

After the issuance of the right shares, Citizen Investment Trust will have the paid-up capital of Rs. 3 Arba. RBB Merchant Banking Limited has been appointed as the issue manager.

As of the first quarter of FY 2077/7078, the company reported a net profit of Rs. 14.59 crores. Its EPS stood at Rs. 33/share and net worth per share stood at Rs. 238/share. As of writing the closing price of the company is Rs. 3,462 per share.