Last day to apply for 20% right share of Kumari Bank ; Check your eligibility here

Today is the last day to apply for 20%right shares of kumari bank. The right issue commenced on 28th Baisakh and is scheduled to close today. 

The company issuing 1,19,38,991.65 unit right shares at a face value of Rs 100. Kumari Bank had set 10th Baisakh, 2075 as the book closing day for the stated purpose. Shareholders having the shares at the time of bookclose are eligible for the right

NIBL ACE Capital has been appointed as the issue manager for the issue. ICRA Nepal has assigned 4+ rating to the proposed issue. 

Eligible shareholders can easily apply using "meroshare".

Kumari Bank has a paid up capital of Rs 5.96 arba and has  Rs 2.59 arba in the reserve. The issuance of 20% right shares will hike the companys' capital to Rs 7.15 arba. KBL further needs (around 11.87%) Rs 85 crores to meet the capital requirement of Rs 8 arba. 

Check your right eligibility here : Kumari Bank Right Eligibility