The bank has appointed NIBL Ace Capital as its issue manager.
The interested shareholders registered in its book till February 28 can apply from all ASBA registered BFIs as well as NIBL Ace Capital at Lazimpat, Lagankhel, Pokhara and all branches of Deva Bikas Bank till May 13.
After the right issue, the paid-up capital will exceed Rs 2.28 billion. As per the direction of NRB, the bank requires maintaining a paid-up capital of Rs 2.50 billion, therefore, it will maintain the paid-up capital by distributing bonus to its shareholders.
The bank needs to distribute bonus share of Rs 220 million to meet the minimum paid-up capital. The bank earned a net profit of Rs 140.6 million in the second quarter of the current FY. It has EPS of Rs 17.23.