Kamana Sewa Bikas Bank allots 22.44 lakh unit right shares; Unsold 8.49 lakh unit shares to be sold in an auction in near future

Kamana Sewa Bikas Bank Limited (KSBBL) has allotted 15% right shares to its shareholders.

The development bank had floated 30,94,154.77 unit right shares for the shareholders from Magh 15 till Chaitra 05, 2074. The bank allotted 22,44,191 unit shares to 32,222 applicants.

NMB Capital has been appointed as the issue manager for the right share issuance.

The remaining 8,49,963.77 unit right shares will be sold through an auction in the near future.

Its paid up capital will reach to Rs 2.36 arba from existing Rs 2.05 arba after adjustment of 15% right shares. To meet the capital requirement of Rs 2.5 arba, it should hike its capital by Rs 14 crore (around 5.93%).