Shangrila Development Bank & Central Finance’s 80% & 50% right shares added in SEBON pipeline for approval

Shangrila Development Bank Limited (SADBL) has been added in SEBON pipeline to request approval for the issuance of right shares in the ratio 10:8 (80%). SADBL is seeking approval to issue 1:0.8 (80%) right share worth Rs 1.08arba to its existing shareholders at par value of Rs 100. The issue manager for the right issue is Prabhu Capital Limited. The development bank  12^th AGM held on Jestha 19, 2074 had endorsed 1:0.8 right shares to their shareholders. After 80% right issue, its paid up capital will reach Rs 2.44 arba from existing capital of Rs 1.36 arba. It had earned Rs 34.37 crore in the fourth quarter of the FY 2073/74. Likewise, Central Finance Limited (CFCL) has also been added in SEBON pipeline to request approval for the issuance of right shares in the ratio 2:1 (50%). CFCL is seeking approval to issue 1:0.5 (50%) right share worth Rs 26.43 crore to its existing shareholders at par value of Rs 100. The issue manager for the right issue is NIBL Capital Markets Limited. The finance company  SGM held on Shrawan 10, 2074 had endorsed 1:0.5 right shares to their shareholders. After 50% right issue, its paid up capital will reach Rs 79.30 crore from existing capital of Rs 52.86 crore. It had earned Rs 9.09 crore in the fourth quarter of the FY 2073/74.