Sahara Bikas Extends deadline of 250% right issue

Jun 21, 2018 Merolagani

Sahara Bikas Bank (SHBL) has extended the deadline of 250 percent right share till July 9. Previously, the issue that started from May 20 was supposed to close at June 24.

Sahara Bikas Bank is issuing 1,824,870 units of right shares at a ratio of 1:2.5 through NIBL Ace Capital.

The interested shareholders registered in its book till April 22 are eligible to apply for the right shares from all the ASBA approved BFIs.

Moreover, the shareholders can apply from NIBL Ace Capital at Lazimpat, Laldurdar Lagankhel, Chipedunga Pokhara, Traffice Chowk Butwal, Aadarshanagar Birgunj and Golchhachok Biratnagar.

Similarly, the interested shareholders can also apply from various branches of Sahara Bikas Bank at Sarlahi, Siraha, Barahathawa, Ishworpur and Lalbandi.

After the right issue, the paid-up capital of the bank will total Rs 255.4 million. Presently, the bank has Rs 72.9 million in paid-up capital.

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