Green Development bank allots 33.47 lakh unit right shares; Unsold 6.52 lakh to be auctioned soon

- ShareSansar, April 9, 2018  on Featured , Latest , Share Allotment , Stock Market

Green Development Bank has allotted right shares to its shareholders on Chaitra 22, 2074,

The development bank has issued 400% right shares amounting to Rs 40 crore to the shareholders holding shares before the book closure on Poush 17, 2074. The development bank has allotted 33,47,703 unit right shares to its shareholders.

The unsold 6,52,297 unit right shares will be sold via auction in the near future.

Laxmi Capital Market Limited is the issue manager for the right share issuance.

GRDBL’s current paid-up capital remains at Rs 10 crore. After the rights issue, its paid-up capital will reach Rs 50 crore with promoter and general public shareholding at 55% and 45%. As a 1-3 district level development bank to meet the capital requirement as directed by the Nepal Rastra Bank, it should hike its paid-up capital to Rs 50 crore.