Saptakoshi Development Bank extends its ongoing 130% right shares till Bhadra 9

Saptakoshi Development Bank Limited (SKDBL) has extended the ongoing 1:1.3 (130%) right shares to its existing shareholders. As per the notice published by the development bank today, the new closing date of the right share has been set for Bhadra 9, 2074. Earlier, the closing date was set for tomorrow (Bhadra 1, 2074). NMB Capital Limited has been assigned as the issue manager for Saptakoshi Development Bank right issue. Saptakoshi Development Bank has been  issuing a total of 2,743,000 unit right shares worth Rs 27.43 crore at the face value of Rs 100 fromAshadh 30, 2074. The book closure date for 130% right issue was set on Ashad 14, 2074. Only the shares registered one day ahead of the book closure date i.e. Ashad 13, 2074 are eligible for the right shares. SKDBL’s current paid up capital remains at Rs 21.10 crore. After the issuance of 130% right, its paid-up capital will reach Rs 48.53 crore. It has an authorized capital of Rs 1 arba. Its promoter-public ratio stands at 60:40. As per NRB’s directive for all 1-3 district level development banks to maintain a minimum paid up capital of Rs 50 crore by the end of FY 2073/74, SKDBL will need to further increase its paid up capital by only 3%.