Western Development Bank 100% (15.69 lakh unit) Right Share book closure on Kartik 2

Western Development Bank Limited 10^th AGM held on Chaitra 30, 2072 had approved 100% right share to its existing shareholders and now the bank has published a book closure date for the same. As per the notice published in Nepse today, the book closure date for 100% right issue has been set for Kartik 2, 2073. Only the shares registered one day ahead of the book closure date i.e. Kartik 1, 2073 will be eligible for the right shares. Western Development Bank will be issuing a total of 1,569,600 unit right shares at the face value of Rs 100. Prabhu Capital Limited has been assigned as the issue manager for right share issue. WDBL has earned net profit of Rs 4.02 crore in the fourth quarter of the last fiscal year 2072/73. It’s paid up capital remains at Rs 15.69 crore. After issuance of 100 percent right share, the paid up capital will reach to Rs 31.38 crore. Its last traded price stood at Rs 576 as on October 2, 2016.