Corporate Development Bank To Close 1:1.5 Right Issue On Falgun 13

February 25, 2022 | Investopaper

Corporate Development Bank Limited (CORBL) is currently issuing the right share in the ratio of 1:1.5 from Magh 7, 2078 BS. This means the shareholders with 100 shares can apply for 150 additional right shares. Shareholders who purchased/held the shares until Poush 25, 2078 BS can apply for the shares. The right issue will close on Falgun 13, 2078 BS.

Previously, the right issue was set to close on Magh 27, 2078 BS. However, due to the under-subscription of shares, the deadline for application was extended.

Corporate Development Bank is planning to sell 30 lakh shares at a par value of Rs 100. Hence, the total right issue amounts to Rs 30 crores.

Securities Board of Nepal (SEBON) had provided the approval to the company on Poush 1, 2078 BS for the issuance of shares. The development bank had submitted an application on Poush 26, 2077 BS to the board seeking permission for the issue of right shares.

Civil Capital Markets Limited is the issue manager for the right.

The development bank has a current paid-up capital of Rs 20 crores. After the right adjustment (if fully subscribed), the capital will rise to Rs 50 crores.

Corporate Development Bank Limited (CORBL) is a ‘B’ class financial institution of Nepal licensed by Nepal Rastra Bank. It started its banking operation from  Kartik 21, 2064 BS (November 7, 2007 ).

Suggested Readings:

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6 thoughts on “Corporate Development Bank To Close 1:1.5 Right Issue On Falgun 13

  • January 24, 2021 at 7:32 am

    Kahile Sam kinda right share ma bhag lin milx sir

    • January 25, 2021 at 5:26 am

      Aile kinda pani hunchha.

  • January 30, 2021 at 5:18 pm

    sir yo kahile tir right share kulx hola ya khuler bandh vaisakiyo yaso jankhari paun sir
    ali details ma vandinu n sir plz

    • June 9, 2021 at 10:23 am

      kahila samma kinda right sare halna payenxa

  • July 11, 2021 at 7:35 am

    kahile samma share kharid garekale right share bharna painchha hold aniumanit book close miti jankari Pauna paye hunthyo sir.

  • February 27, 2022 at 9:26 am

    Kaile aaune ho dmat khata ma


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