4:1 Right Issue for Gandaki Bikas Bank Commences; issue to close on Magh 11

4:1 right share issue of Gandaki Bikas Bank has started from friday ( 7th poush,2074). Shareholders eligible for the right share can apply for the issue till magh 11th. 

The Shareholders book closed on Mangshir 15th. Shareholders holding the share at the time of bookclose are eligible for the right shares. The company is issuing a total of 46.09 lakh unit shares at a par value of Rs 100.

Prabhu Capital has been appointed as the issue manager for the issue. However, the shareholders can apply from stated branches of Gandaki bikas bank and prabhu bank ltd. The shareholders can apply from all the country using ASBA. 

ICRA Nepal has assigned Grade 3 to the company's right share issue. 

Gandaki Bikas Bank is the bank formed after the merger of Fewa bikas bank and Gandaki bikas bank. The development bank currently has a paid-up capital of Rs 1.84 arba. The capital will hike to Rs 2.30 arba after the right issue. The development bank will meet its paid up requirement upon surging its capital by further 8%.