Shangrila Development Bank extends 1 week for 80% right share issue till Magh 29

Shangrila Development Bank has extended a week for the ongoing 80% right share issue till Magh 29, 2074. Earlier, the closing date had been set on Magh 21, 2074. It has been issuing 10:8 (80%) right share to its shareholders from Poush 19, 2074. The book closure date for the right issue was set on Mangsir 27, 2074. Only those shares registered one trading day ahead of the book closure date i.e. till Mangsir 26, 2074 are eligible to apply for the right shares. SADBL is issuing 1,08,67,798.50 unit right shares at a par value of Rs 100 per unit. Prabhu Capital Limited is the issue manager for the right issue. The current paid up capital of SADBL is Rs 1.35 arba. After the issuance of right share, the paid up capital will reach Rs 2.44 arba. Interested applicants can collect application forms from Prabhu Capital, Kamaladi, Kathmandu and from the designated branches of Prabhu Bank and Shangrila Development Bank. The bank has posted Rs 16.01 crore net profit in the second quarter of the FY 2074/75. Notice