Garima Bikas Bank issues 70% right shares
Garima Bikas Bank Limited is offering 90,76,296.66 right shares today at a 10:7 ratio, with the issue closing on Jestha 17, 2074. Shareholders eligible until Chaitra 29, 2073 may now apply for the rights.
Dividend News
Recent dividend, bonus-share, and right-share announcements from the Nepal market.
Garima Bikas Bank Limited is offering 90,76,296.66 right shares today at a 10:7 ratio, with the issue closing on Jestha 17, 2074. Shareholders eligible until Chaitra 29, 2073 may now apply for the rights.
Guheshwori Merchant Banking and Finance Limited has proposed a 40% right share to raise paid‑up capital to Rs 69.10 crore; approval of the move is pending from regulatory authorities.
SBI will issue 19,919,423.60 right shares, representing 40% of its equity, to existing shareholders at par value of Rs 100 each. Lalitpur Finance will issue 18,79,454 right shares, representing 100% of its equity, at the same par value.
The auction of 92,893 unclaimed right shares of Neco Insurance will be held soon, with a minimum bid of Rs 100 per share. This includes 6,163.73 promoter shares and 86,729.53 ordinary shares.
The Securities Board of Nepal has added Prabhu Bank Limited, Machhapuchchhre Bank Limited, Kankai Bikas Bank Limited and Alpine Development Bank Limited to its right‑share pipeline, approving the issuance of 10:4 (40%), 10:1.2 (12%), 1:2.14 (214%) and 3:2.08 (69.33%) rights respectively. Each bank will issue its rights at Rs 100 par value, raising paid‑up capital to Rs 8.23 arb, Rs 7.39 arb, Rs 47.1 crore and Rs 44.03 crore respectively.
Today is the final day shareholders can file for Kumari Bank Limited’s 50% right shares. The bank has issued 1,34,95,832.66 units at Rs 100 face value, and those registered on Falgun 19, 2073 are eligible.
Book closure for Jyoti Bikas Bank Limited’s 100% right shares is Baisakh 14, 2074; shareholders who held shares traded up to Baisakh 13, 2074 are eligible to apply, and the issue will close on Jestha 31, 2074.
The rights issue of 13.22 lakh units (50%) by First Microfinance Development Bank Limited opens on Baisakh 28, 2074 and will close on Jestha 31, 2074; only shareholders who hold shares until Chaitra 29, 2073 are eligible to apply.
Book closure for Sahayogi Bikas Bank’s 35% right shares is scheduled for Baisakh 15, 2074, with eligibility for shareholders holding shares traded until Baisakh 14. The company will issue 11,01,135 units at Rs 100 each, raising paid‑up capital to Rs 42.47 crore.
United Insurance will distribute a 10% bonus share and a 100% right share, raising paid‑up capital to Rs 66.52 crore. The distribution, pending insurance board approval, follows the BOD decision dated Baisakh 8, 2074.
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