Lumbini Bikash Bank to float right share in the ratio of 10:1

Lumbini Bikash Bank LTD. is issuing right shares in the ratio of 10:1 from 11^th magh. The shareholders owning the shares at the time of book closure are eligible for right shares and can apply up to 16 ^th  falgun . The book closure was on poush 21.

SEBON granted an approval for the stated purpose on Poush 13^th.

Prabhu Capital has been appointed as the issuing manager for the right issue.

Lumbini Bikash Bank will issue 20.08 lakh units right to its shareholders at a face value of Rs 100. The company currently has a paid-up capital of Rs 2.01 arba.

The last traded price of LBBL was Rs 175.