Deva Bikas Bank 40% right issue closing today ; 1 day extended due to public holiday

40% right issue of Deva Bikas Bank is closing today. Though the issue was scheduled to close yesterday, a day of extension was decided by the company. The issue started from 26th Chaitra, 2074.

DBBL is issuing 65,33,108.59 unit right share to the eligible shareholders at a face value of Rs 100. The shareholders' book closed on 17th Falgun, 2074 for the stated purpose. Shareholders having the shares at the time of book close will be eligible for the right shares. 

NIBL Ace Capital is managing the issue. Applicants can apply for right from NIBL Ace Capital or stated branches of Deva Bikas Bank. The applicants can check their right share eligibilty from the official website of issue manager after the issue commences.  

The national level development bank had recently distributed a bonus share of 17.1% to its shareholders. The bank has also acquired sajha bikas bank and union finance. The paid-up capital after the joint transaction will reach Rs 1.88 arba. The shareholders of the acquired company are also eligible for the upcoming right share. The paid up capital after the right share will reach Rs 2.63 arba. The bank is thus supposed to meet the capital requirements laid by central bank.