Sewa Bikas to float 20% Right, besides 20% bonus; book closure on Kartik 26

ShareSansar, November 6:

Sewa Bikas Bank Limited has published an offer letter for the issuance of 5.15 lakh units of 5:1 ratio right shares to its shareholders.

The Pokhara based development bank will issue the right share on Mangsir 14 and the issue will close on Poush 20, 2071.

Also, the Bank’s has announced its 8th Annual General Meeting to be held on 12th Mangsir.

The Bank’s is offering 20% bonus share to its shareholders from the profit of last fiscal year 2070/71.

The company had announced the book closure for both 5:1 right share and 8th AGM on Kartik 27. Those who would hold the shares of the company till Kartik 26, 2071; will only be entitled to claim both the right share and bonus share.

NMB Capital Limited is the issue manager for the right issues.