Muktinath allots rights shares at 10:3 ratio

Muktinath Bikas Bank Limited has allotted 6.36 lakh units of rights shares at 10:3 ratio to the shareholders.

Issuing a notice today, the development bank has stated that though it has issued 7.35 units of rights shares of Rs 100 face value, there was no application for 99,444 thousand units.

The development bank is due to auction the unclaimed rights shares in future. -sharesansar