Sana Kisan 50% right share offer from Mangsir 25 to Poush 30; Paid up will reach Rs. 34.60 crore

Sana Kisan Bikash Bank Limited (SKBBL) has called on its existing shareholders to start applying for 2:1 (50%) right share from Mangsir 25, 2072. According to the notice published by the microfinance today, the rights issue will remain open for 35 days before closing on Poush 30, 2072. Only shareholders who have bought the shares and transferred them to their name before the book closure date on Mangsir 8, 2072 would be eligible to apply for the right shares. Sana Kisan is issuing a total of 11, 53,412 unit rights share at the face value of Rs 100. The closing date for the right issue has been set for Poush 30, 2072. The issue manager of this right share is Nabil Investment Banking limited. Interested shareholders can collect the application forms from the any branch of Sana Kisan Bikash Bank as well as from the Nabil Investment Banking Limited located at Central Plaza, Narayanchowk, Kathmandu. After the adjustment of the rights shares, the finance’s total paid-up capital will reach to Rs 34.60 crore from the existing Rs 23.06 crore. The microfinance has an authorized capital of Rs 64 crore. ICRA Nepal had assigned a “[ICRANP] IPO Grade 4+”, indicating below-average fundamentals to the proposed rights issue.