Lumbini Bikas Bank allots 10% right shares; Unsold 6.01 lakh unit to be auctioned soon
Fri, Apr 6, 2018 8:03 AM on Latest, Dividend, Bonus & Rights, Featured, Share Allotment, Stock Market,
Lumbini Bikas Bank Limited has published a notice regarding the allotment of its right shares.
The bank had floated 20,08,878.47 unit right shares at par value of Rs 100. The bank has allotted 14,07,553 unit right shares to 18,792 applicants.
Prabhu Capital was appointed as the issue manager for the right share issue.
The unsold 6,01,325.47 unit right shares will be available for the public through auction in the near future.
Its current paid up capital stands at Rs 2.01 arba. After adjustment of 10% right shares, it will reach to Rs 2.21 arba. To meet the capital requirement of Rs 2.50 arba, it should further hike its capital by Rs 29 crore (around 13%).
