Sahara Bikas Bank announces book closure date on Baisakh 10; Shareholders to get 250% right shares

Mon, Apr 16, 2018 7:10 AM on Book Closure, Dividend, Bonus & Rights, Latest, Stock Market,
Sahara Bik...

Sahara Bikas Bank Limited (SHBL) has announced book closure date for the issuance of right share to the shareholders. The bank will be issuing 250% right shares for the shareholders.

The book closure date for the right share issuance has been set on Baisakh 10, 2075 i.e. the shareholders holding the shares of SHBL till Baisakh 09 will be eligible for the right shares.

NIBL Ace Capital Limited has been appointed as the issue manager for the right issue.

The development bank had earned Rs 54.33 crore till the end of Q2 of the fiscal year 2074/75. Its paid-up capital stands at Rs 7.29 crore. After the issuance of right shares, paid up will reach Rs 25.54 crore.

SHBL is in the process of being acquired by Deva Bikas Bank Limited (DBBL).

See the announcement here