Civil bank extends the deadline for 40% right shares; issue to close on Magh 12th

Civil Bank has decided to extend the deadline fr 40%right issue of Civil bank. The eligible shareholders can now apply for the right upto Magh 12th. Shareholders having the shares at the time of bookclose (i.e.5th Mangshir 2074) are eligibl for the right. 

Eligible shareholders of Civil bank can apply from Laxmi Capital markets, Civil Capital Market, stated branches of Civil bank or even from all the country using ASBA . 

Laxmi Capital is the issue manager for this issue. The company is issuing 2.07 crore units of shares at Rs 100. 

Civil Bank currently has a paid-up capital of Rs 5.18 arba. The paid-up capital will reach Rs 7.25 arba after the right issue. The bank will still need to raise its capital by approx. 10% after the right issue.  

Civil Bank, one among the youngest commercial bank, had earned Rs 11.33 crores net profit as of 1st quarter of this FY. The bank was last traded at Rs 185.