Right shares of 3 companies listed by NEPSE; Converts 3.15 lakh unit promoter shares of Garima Bikas Bank to public shares

NEPSE has also listed 1.70 crore unit right shares of 3 companies today. The shareholders holding such shares can now transact in the secondary market.

NEPSE has listed 1,08,67,798.58 unit right shares Shangrila Development Bank (SADBL). The development bank had issued 80% right shares to its shareholders.

Gandaki Bikas Bank’s (GDBL) 46,09,815.50 unit right shares have been listed in the secondary market. The bank had floated 25% right shares for its shareholders at par value of Rs 100.

Likewise, 15,62,238.6 unit right shares of Sindu Bikas Bank (SINDU) has been listed by NEPSE. Sindu Bikas Bank had issued 80% right shares to its shareholders.

Along with these, NEPSE has also decided to convert 3,15,884.86 units promoter shares of Garima Bikash Bank (GBBL) making the promoter to public share ratio of the company 51:49.