Tinau Bikas Bank 4:1 right shares issuance from Falgun 28; Paid up to reach Rs 27.30 crore

Butwal based Tinau Bikas Bank Limited (TNBL) is issuing 4:1 (25%) right shares of face value of Rs 100 per share from Falgun 28, 2072. The right issue will last till Baishak 02, 2073.

The 9th AGM of TNBL held on Ashwin 18, 2072 had approved to issue 4:1 ratio right shares. The bank is floating 5,46,192.5 units of right shares for its existing shareholders.

Only shareholders who owned shares before the book closure date on Falgun 16, 2072 would be eligible to apply for the right shares.

Interested eligible shareholders can collect the application forms from the any branch of Tinau Bikas Bank Limited as well as from Siddhartha Capital Limited located at Hanumansthan, Anamnagar, Kathmandu.

The issue manager of this right share is Siddhartha Capital Limited. The company’s paid up capital at present stands at Rs 21.84 crore. After the listing of these right shares, the paid up capital of Tinau Bikas Bank will reach 27.30 crore. Its promoter- public ratio is at 51% to 49%.

TinauBikas Bank Limited (TNBL) has reported a net profit of Rs 2.56 crore in the second quarter for the fiscal year 2072/73.