Sebon approves to issue 50% Right Share of Janata Bank

Securities Board of Nepal (SEBON) has given final approval to issue 2:1 (50%) right shares of Janata Bank Nepal Limited (JNBL). NCM Merchant Banking Limited has been assigned as the issue manager for right share issue. Janata Bank 6^th AGM held on Jestha 30, 2073 had endorsed 2:1 (50%) right share i.e. 10,300,000 units to its existing shareholders. JBNL has earned net profit of Rs 32.53 crore in the fourth quarter of the fiscal year 2072/73. It’s paid up capital remains at Rs 2.06 arba. After issuance of 50 percent right share, its paid up capital will reach to Rs 3.09 arba. Its last traded price stood at Rs 526 as on October 5, 2016.