Green development Bank to issue 400% right shares from today; Last traded price stood at Rs 186

Green development bank(GRDBL)  is issuing 400% right shares from today magh 2, 2074. Shareholders having the shares at the time of bookclose will be eligible for the right shares. The last date for this issue is Falgun 8, 2074.

The Green development bank is issuing 40 lakh unit shares at a par value of Rs 100.

Laxmi Capital has been appointed as the issue manager for the issue. ICRA Nepal has assigned "grade 5" rating for this issue, Indicating a below average rating. 

Eligible shareholders can apply right through ASBA approved Banks and Financial institutions, or by collecting application forms from Laxmi capital, NIBL capital, appointed branches of Green Development Bank and Laxmi Bank.

The development bank currently has a paid-up capital of Rs 10 crore. The bank will meet its paid-up requirement upon the issuance of the proposed right shares. The bank had a negative reserve of Rs 70.35 lakh as of 4th quarter 2073/74 report. The Earning per share stood at Rs 3.06 at that time. 

The last traded price of GRDBL was Rs 186.