STOCK WATCH: Tinau Development Bank’s 4:1 right shares to close today
Thu, Sep 18, 2014 12:00 AM on Dividend, Bonus & Rights,
ShareSansar, September 18:
Today is the last day for the shareholders of the Tinau Development Bank Ltd to get the hold of 4:1 ratio right share of the bank.
The bank has floated a total of 322,000 units at the rate of Rs 100 on Shrawn 30th. Citizen Investment Trust is the issue manager of the bank.
According to the bank, the company’s paid-up capital will rise from the existing Rs 12.80 crore to Rs 16.10 crore after issuing the rights shares.
The development bank headquartered in Butwal earned Rs 2.87 crore as net profit in the last fiscal year 2070/71, up from Rs 1.47 crore in the fourth quarter as compared to corresponding quarter of the last fiscal year.
Earnings per share stand at Rs 22.31, Net worth per share is Rs 141.51 and the PE ratio is 13.58 times.
