Sahayogi opens 10:1.5 ratio rights shares; shareholders only till Poush 8 can apply

ShareSansar, January 19:

Sahayogi Bikas Bank Limited (SBBLJ) has opened its 10:1.5 ratio rights shares for the shareholders. Development bank opened the subscription for the rights shares from today (Magh 5).

The subscription of a total of 2,14,326 units of rights shares which holds Rs 100 face value will be closed on falgun 10, 2071.

According to a notice published by the development bank, shareholders having their names in the shareholder book till Poush 8 will only be entitled for the subscription of rights shares.

NCM Merchant Banking Limited is the issue manager for the issuance of the rights shares of the bank.

Sahayogi Bikas Bank Limited has offered 26 percent bonus share and 10 cash dividend to its shareholders from the profit of the fiscal year 2070/71.

The last trading price of SBBLJ at Nepal Stock Exchange stood at Rs 460.