Sebon approves to issue 50% Right Share of Deva Bikas Bank

Securities Board of Nepal (SEBON) has given final approval to issue 2:1 (50%) right shares of Deva Bikas Bank Limited (DBBL). NIBL Capital Markets Limited has been assigned as the issue manager for right share issue. Deva Bikas Bank SGM held on Shrawan 28, 2072 had endorsed 2:1 right share i.e. 4,405,440.39 units to its existing shareholders. DBBL had earned net profit of Rs 5.06 crore in the first quarter of the fiscal year 2073/74. It’s paid up capital remains at Rs 88.10 crore. After issuance of 50 percent right share, its paid up capital will reach to Rs 1.32 arba. Its last traded price stood at Rs 313 as on November 29, 2016.