Lumbini Bikash Bank announces book closure on poush 21

Lumbini Bikash Bank ltd (LBBL) has announced book closure for the purpose of issuing right shares on poush 21, 2074.

The shareholders having the shares at the time of book close will be eligible to apply for the right shares. The 9^th AGM ratify right shares in the ratio of 10:1 i.e. shareholders owning 10 shares will be eligible for applying 1 shares. The bank will issue 20.08 lakh units right shares to its shareholders.

Current paid-up capital of LBBL is 2 arba which will hike to 2.21 arba after right issuance. The company has posted net profit of Rs 16.14 million in its first quarter of FY 2073/74.

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