SEBON approves Bhargav Bikas Bank’s 1:1 right, Kabeli's 2:1 added in SEBON pipeline

SEBON has provided final approval for 1:1 (100%) right share issue of Bhargav Bikas Bank (BHBL) on Poush 27, 2073. BHBL has earned net profit of Rs 65.81 crore in the first quarter of the fiscal year 2073/74. Its paid up capital remains at Rs 12 crore. After issuance of 100 percent right share, the paid up capital will reach Rs 24 crore. Its LTP stood at Rs 371 as on January 12, 2017. Meanwhile, Kabeli Bikas Bank (KEBL) has been added in SEBON pipeline for approval to issue 2:1 (50%) right share. KEBL is seeking approval for 3,50,880 units right shares worth Rs 35.088 crore. Global IME Capital Ltd. is the issue manager for the right. KEBL’s paid up capital after its 20% bonus issue stands at Rs 6.37 crore. After the issuance of 50% right, its paid up capital will reach Rs 9.55 crore. Its LTP stood at Rs 560 as on January 12, 2017.