Garima Bikash Bank Limited has decided to issue 11 lakh units of
rights shares at 2:1 ratio to its shareholders starting October 4.
The booking of the rights share will close on November 7, according to a notice published today by the development bank based in Pokhara sub-metropolis.
Garima Bikash Bank posted a net profit of Rs 6 crore 11 lakh and 93 thousand in the last fiscal year -- a 22.66% rise from previous year’s Rs 4 crore,98 lakh and 88 thousand.
The bank’s earnings per share (EPS) now stand at Rs 27.82 and net worth at Rs 149.34.
The bank has an authorized capital of Rs one arba, issued capital of Rs 33 crore, and paid-up capital of Rs 22 core.
The paid-up capital will also reach Rs 33 crore after the issuance of the right shares, according to the bank sources.
-sharesansar
