Karnali Development Bank allots 225% right shares to its shareholders; More than 60% unsold shares to be auctioned
Mon, Apr 23, 2018 1:37 AM on Dividend, Bonus & Rights, Latest, Share Allotment, Stock Market,
Karnali Development Bank Limited (KRBL) has allotted its right shares to the applicants on Baisakh 07, 2075.
The development bank had floated 33,97,500 unit right shares for the ordinary shareholders but only 16,35,312 unit right shares has been allotted to 11,713 applicants.
Prabhu Capital has been appointed as the issue manager for the right share issuance.
The remaining 20,62,188 units will be sold soon via auction in the near future
The development bank’s SGM held on Ashad 3, 2074 had endorsed 1:2.25 right shares to their shareholders. Its paid up capital stand at Rs 15.10 crore and after issuance of 225% right share its paid up capital will reach Rs 49.07 crore.
