Trading of Garima Bikas Bank from next week; new share certificate distribution starts from today

Garima Bikas Bank Limited (GBBL) is distributing new share certificates to the shareholders from today, 1st Ashwin, 2072. Pokhara based Garima Bikas Bank and Myagdi based Nilgiri Bikas bank had commenced its joint operation from Ashad 29,2072. Company Secretary of Garima Bikas Bank Mr. Madhav Upadhaya said, “ shareholders of both the companies needs to get the new share certificates.” For those shareholders of Garima Bikas Bank, who have converted their physical shares into demat shares, they won’t have to come to get new share certificates but for those who still own share certificates in physical form, they  need to take new share certificates from the bank, he added. According to Mr. Upadhaya,  trading of the Garima Bikas Bank would resume next week. Last trading price of Garima Bikas Bank and Nilgiri Bikas Bank stood at Rs 305 and Rs 270 as of April 23, 2015.