Sunday is the last day to grab Laxmi Bank 10:3 right shares

Fri, Jul 24, 2015 12:00 AM on Dividend, Bonus & Rights,

ShareSansar July 24:

Laxmi Bank Limited (LBL) is closing its 10:3 ratio right shares on Shrawan 10 (Sunday) after banking hours.

Only those shareholders who own the shares of the bank by Jestha 19, 2072 are entitled to claim the Right Shares offered by the bank.

A total of 70, 13,606 unit of right shares of face value of Rs 100 are being floated to its shareholders from Ashad 6, 2072.

After the adjustment of the rights shares, the bank’s total paid-up capital will reach to Rs 3 arba 3 crore 92 lakhs 29 thousand 200 from the existing Rs 2 arba, 33 crore 78 lakhs 68 thousand 600. The bank has an authorized capital of Rs 5 arba.

Interested shareholders can collect the application forms from the any branch of Laxmi Bank as well as from the NMB Capital Limited, Babarmahal, Kathmandu.

NMB Capital Ltd is the issue manager of the right issue of Laxmi Bank.

The rights share has received ‘[ICRANP] IPO Grade3+ from the credit rating agency ICRA Nepal.