Hurry Up! Last day to apply 40% & 45% right shares of Civil Bank & Reliance Finance respectively (Former merged/ acquired companies list inside)

Civil Bank Limited (CBL) is closing 10:4 (40%) right share to its shareholders today (Magh 12, 2074). The rights issue was open from Mangsir 22, 2074. The book closure date for the rights issue was set on Mangsir 5, 2074. Only those shares registered one trading day ahead of the book closure date i.e. till Mangsir 4, 2074 are eligible to apply for the right shares. Laxmi Capital Market Limited is the issue manager for the right issue. CBL has been issuing 2,07,40,886.75 units right shares at a par value of Rs 100 per unit of worth Rs 2.07 arba. SEBON had given approval for the issuance of right shares on Kartik 5, 2074. Interested applicants can collect application forms from Laxmi Capital Market, Civil Capital Market and designated branches of Civil Bank Limited CBL’s current paid up capital remains at Rs 5.18 arba. After issuance of 40% right share, its paid up capital will reach Rs 7.25 arba. As per NRB’s directive for all commercial banks to increase their paid up capital to a minimum of Rs 8 arba , CBL should increase a further capital hike of Rs 75 crore (around 10%). It had earned Rs 11.33 crore in the first quarter of the FY 2074/75. (Former Shareholders of Pashupati Development Limited, Udham Bikash Bank Limited, Axis Development limited, Civil Merchant Bitiya Sanstha Limited, International Leasing & Finance Company Limited, Unique Finance Limited and Hama Merchant and Finance Limited are eligible to claim for CIVIL Bank 40% Right share) Click here to see announcement: Reliance Finance Limited (RLFL) is also closing 10:4.5 (45%) right share to its shareholders today (Magh 12, 2074). The rights issue was open from Mangsir 22, 2074. The book closure date for the rights issue was set on Mangsir 8, 2074. Only those shares registered one trading day ahead of the book closure date i.e. Mangsir 7, 2074 are eligible to apply for the right shares. Reliance Finance has been issuing units 23,06,572 unit right shares worth Rs 23.06 crore to its existing shareholders at a face value of Rs 100 per share. Sunrise Capital Limited has been appointed as its issue manager. Interested applicants can collect application forms from Sunrise Capital Limited, Kamalpokhari, Kathmandu and from designated branches of Reliance Finance Limited and Sunrise Bank Limited. RLFL’s current paid up capital remains at Rs 51.25 crore. After issuance of 45% right share, its paid up capital will reach Rs 74.32 crore. As per NRB’s directive for all national level finance companies to increase their paid up capital to a minimum of Rs 80 crore, RLFL should increase a further capital hike of Rs 5.68 crore (around 7.65%). It had earned Rs 10.98 crore in the fourth quarter of the FY 2073/74. (Former Shareholders of lotus Investment Finance Limited are eligible to claim for 45% right share of Reliance Finance Limited) Click here to see announcement: