SEBON approves 50% right issue of Grameen Bikas

Mar 15, 2019 Merolagani

Securities Board of Nepal (SEBON) has approved 50 percent right issue of Grameen Bikas Laghubitta Bittiya Sanstha (GBLBS). The company is set to issue 3,275,000 units of right shares at a ratio of 1:0.5 on March 13.

The company has appointed NIBL Ace Capital as its issue manager. The current paid-up capital of Rs 655 million will increase to Rs 982.5 million after the right issue.

In the second quarter of the current FY, the company earned a net profit of Rs 113.4 million. it has EPS of Rs 34.64, net worth per share of Rs 158.65 and P/E ratio of 12.27 times.

comments powered by Disqus

Development Banks Record Minimal Degrowth

Apr 24, 2024 06:56 AM

The net profit of development banks has declined less compared to commercial banks and finance companies in the third quarter.

Gold and Silver Price Decline

Apr 25, 2024 10:37 AM