Two more days left to apply for 50% right share of Agriculture Dev. Bank; closes on Mangsir 7

Agricultural Development Bank Limited (ADBL) has been issuing 2:1 (50%) right shares from Kartik 3, 2073.Existing shareholders have two more days to file for 2:1(50%) ratio right shares of the commercial bank. The bank has been issuing a total of 1, 96, 88,000 unit right shares at the face value of Rs 100. Book closure date for 50% right issues was set on Ashwin 10, 2073 for one day. Only the shares registered one day ahead of the book closure date i.e. Ashwin 9, 2073 are eligible for the right shares. Ace Capital Limited is the issue manager for the right issue. Interested shareholders can collect the application forms from Ace Capital Limited, Lal Colony, Lal Durbar, Kathmandu and from all branch offices of Agricultural Development Bank and Ace Development Bank Limited. After 50% right share adjustment, ADBL’s total paid up capital will reach Rs. 11.33 ( irredeemable preference share of Rs 5.43 arba and public share of Rs 5.90 arba)  Its authorized capital remains at Rs 18 arba. Its Last Traded Price (LTP) stood at Rs 556 as on November 20, 2016. Agriculture Development Bank has earned net profit of Rs 42.23 crore in the first quarter of the fiscal year 2073/74 as per unaudited report.