Kakrebihar Development Bank to issue 172 thousands units of right share

Kathmandu October 14- Kakrebihar Development Bank is going to issue 172 thousands unit of ordinary right shares. Right shares of the banks were transacted in Nepal Stock Exchage till October 13. Bank is planning to issue right shares to its existing shareholders only. Transactions of right shares will be taken place from November 2 to December 6 2015.

Bank is issuing 1:0.5 right shares for its Rs. 34 million paid up capital. Bank has priced Rs. 100 per share for its existing shareholders. Bank has appointed Growmore Merchant Bank as its issue manager where shareholders can submit notice for bid application.