Nagbeli Laghubitta Bikas Bank Limited’s 100% right share has been added in the SEBON pipeline for approval. NMB Capital has been appointed as the issue manager for the right issuance.
NBBL has been seeking to issue 7,66,463.15 units shares to be floated at a par value of Rs 100 per unit. It had posted Rs 25.5 lakh as net profit for the first quarter of the FY 2074/75.
It has endorsed 45.6% bonus shares from the net profit of FY 2073/74. Its paid up capital is Rs 5.26 crore and after the issuance of bonus shares and right shares its paid up capital will reach Rs 15.26 crore.