Bagmati Development Bank Limited (BGDBL) trading has been suspended in Nepal Stock Exchange Limited (NEPSE) due to the acquisition process with Sanima Bank Limited (SANIMA).
Rudra Banjara, Company Secretary of Sanima Bank said, ‘The bank will be floating 50% right share before the acquisition process. So, shareholders of BGDBL are not eligible to apply for the right share.’
Sanima Bank paid up capital stands at Rs 3.06 arba in third quarter of the current fiscal year 2072/73.
| |
Sanima Bank Limited |
Bagmati Development bank Limited |
| Paid Up Capital |
3,060,288.00 |
57,500.00 |
| Reserve |
1,040,821.00 |
10,112.00 |
| Net Profit |
670,416.00 |
4,141.00 |
| EPS |
29.51 |
8.28 |
| Net Worth |
134.01 |
135.01 |
| After 50% right share, total paid up capital |
4,590,432.00 |
|
Samina Bank had announced 20% bonus and 50% right share. The bank had already provided 20 % bonus shares from the net profit it earned in the last fiscal year 2071/72, After issuance of 20% bonus share its paid up capital reached to Rs 3.06 arba. The bank will be floating 50 right shares soon and after the right share it’s paid up capital will reach to Rs 4.59 arba.
Also, Bagmati Development Bank had provided 15% bonus share from the net profit it earned in the last fiscal year 2071/72, its paid up capital stand at Rs 5.75 crore.
Both the bank have adjusted its bonus share in its paid up capital.
