Prabhu Bank Limited (PRVU) is closing 40% right shares by today, 23 Falgun 2074.
The rights issue was open from Magh 7, 2074.
The bank had set the book closure date on 21 Poush 2074. Thus, those shareholders who get registered in book till Poush 20, 2074 are eligible to participate in AGM & apply for right share.
Sunrise Capital Market Limited is the issue manager for the right issue.
PRVU has been issuing 2.35 crore units right shares its existing shareholders at a face value of Rs 100 per share.
Interested applicants can apply for right share from Sunrise Capital Market and designated branches of Prabhu Bank Limited & all C-ASBA approved BFIs.
Its paid up capital will reach to Rs 8.24 arba after 40% right share adjustment from existing Rs 5.88 arba.
It had posted net profit of Rs 63.49 crore in the second quarter of the FY 2074/75.
Lumbini Bikas Bank Limited (LBBL) is closing right share of 10% or 10:1 from today 23 Falgun 2074.
The right share was open from Magh 11 2074.
The bank has been issuing 20,08,878.47 units of right share at the rate of Rs 100 for existing shareholders.
Those investors who buy share within Magh 20 will be eligible for applying the right share of the bank from Magh 11 to Falgun 16 2074.
Prabhu Capital Limited has been appointed as the issue manager.
The interested shareholders can apply from office of issue manager, branches of Lumbani Bikas Bank, Prabhu Bank limited & all C-ASBA approved BFIs.
Currently, its paid up capital is Rs. 2.01 arba. After right share, paid up capital will reach to Rs. 2.21 arba. Further bank must hike the paid up capital by 13 percent to meet capital requirement of Rs. 2.50 arba as per the direction of Nepal Rastra Bank.
It had earned net profit of Rs 14.37 crore in the second quarter of the FY 2074/75.
Green development bank limited (GRDBL) is also cloing 400% right share from today, 23 Falgun 2074.
The right share was open from 2 Magh 2074.
Book close for right was set for 17 poush, 2074. Those who get registered in book 1 day ahead of book close date are eligible for right shares.
The issue manager for right share is Laxmi Capital Markets Limited.
Eligible applicants can apply from all C-ASBA approved Bank & financial institutions.
Its paid up capital is 10 crore. After right share, paid up capital will reach to 50 crore. Even it must hike its capital by 50 crore as 1-3 district level development bank.
