Sewa Bikas Bank issuing 120% (51.06 lakh unit) right shares from today

Sewa Bikas Bank Limited (SEWA) is issuing 1:1.2 (120%) right shares to its existing shareholders from today (Mangsir 23, 2073). The rights issue will close on Poush 27, 2073. Sewa Bikas Bank is issuing a total of 51, 06, 662 units right shares at the face value of Rs 100. The book closure date for 120% right issue was set for Ashwin 19, 2073 for one day. Only the shares registered one trading day ahead of the book closure dates i.e. Ashwin 18, 2073 were eligible for the right shares. NMB Capital Limited is assigned as the issue manager for the right issue. Interested shareholders can collect the application forms from NMB Capital, Naxal, Kathmandu and from all branch offices of Sewa Bikas Bank and NMB Bank Limited. After the adjustment of the rights shares, the bank total paid-up capital will reach to Rs 93.62 crore from existing Rs 42.55 crore. The bank has authorized capital of Rs 2.50 arba. Its public-promoter share structure stands at 51:49 ratio.