Citizen bank to issue FPO shares from 15 Shrawan 2075. The FPO will be remains open till 18 Shrawan 2075.
The bank will be issuing 4,63,823 units share as further public offering (FPO) at the rate of Rs. 200 adding Rs. 100 premium on par.
Interested applicant can apply minimum 50 units & maximum 2300 units.
Applicants can apply for FPO from all C-ASBA approved banks & financial institutions.
Global IME Bank has been appointed as issue manager for the FPO issuance.
After FPO issuance paid up capital & reserve will be increased by Rs.4.63 crore. Capital structure will be 51:49 between promoter & public.
Currently its paid up capital is Rs.8.03 arba. After the FPO issue, paid up capital will reach to Rs.9.07 arba.
Also see Last Quarter of Citizen Bank, earned net profit of Rs.1.40 arba in FY 2074/75
