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Muktinath Bikas Bank announces 31st Shrawan 2076 as book closure for its 20% right share

By: Nepse Direct Aug 06, 2019

Muktinath Bikas Bank has announced the book closure date for its 20% right share issue. The right share issue was approved in its 12th AGM. The book closure date has been set on 31st Shrawan 2076, hence only shareholders registered in its books by 30th Shrawan 2076 will be eligible to apply for the right share issue. 

The paid-up capital of the bank currently is Rs 3 arba which will increase by 20% (Rs 61.3 crore) after the right share issue. Its last traded price stood at Rs 376 as of 21st Shrawan 2076. 

ICRA Nepal assigned a grade of [ICRANP] IPO Grade 3 to the right share issue which indicating average fundamentals.

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