Subhechha Dev. Bank extends 3:1 right share offer till Chaitra 30; LTP stood Rs. 325

Subhechha Bikas Bank Limited (SUBBL) has extended its ongoing 33.33% (3:1) right share issue till Chaitra 30, 2072. Now, the investors have 8 more days to apply for the right issue. The company has offered right shares at face value of Rs 100 at the ratio of 3:1 (33.33%) for its existing shareholders. Ace Capital limited has been assigned as the issue manager for the right issue. After the adjustment of the rights shares, the bank’s total paid-up capital will reach to Rs 20.03 crore from the existing Rs 15.02 crore. The bank has authorized capital of Rs 40 crore. SUBBL has earned  net profit of Rs.1.05 crore in the 2th quarter of the fiscal year 2072/73. Its last trading price stands at Rs 325 as on March 3, 2015.