Sewa Bikas Bank 120% Right Shares book closure on Ashwin 19; only 6 trading days left

Sewa Bikas Bank Special General Meeting (SGM) held on Jestha 18, 2073 had approved 1:1.2 1(120%)right share i.e. 51, 06,662 units to its eligible shareholders and the development bank has announced book closure date for the same. As per the notice published in Nepal Stock Exchange (NEPSE) , the book closure date for 120% right issue has been set for Ashwin 19, 2073  for one day. Only the shares registered one trading day ahead of the book closure date i.e. Ashwin 18, 2073 will be eligible for the right shares. NMB Capital Limited has been assigned as the issue manager for right share issue. Sewa Bikas Bank has earned a net profit of Rs 10.76 crore in the fourth quarter of the last fiscal year. It’s paid up capital remains at Rs. 42.55 crore. After distribution of 1:1.2 right shares it’s paid up capital will reach Rs 93.61 crore.