Four companies to issue right shares
Various banks and financial institutions are issuing right shares. Narayani Development Bank, Corporate Development Bank, Samridhi Finance and Chyangdi Hydropower are preparing to issue rights to their shareholders. Permission has been obtained from the Nepal Securities Board to issue the right shares.
The four companies will issue a total of 79 lakh 35 thousand 68 shares to the shareholders. Of these, Narayani Development Bank and Samridhi Finance have also fixed the date of book closing for the issuance of rights. Narayani
Development Bank has also fixed the date of rightful eviction in the ratio of 1: 1 from next January 25. Accordingly, the bank will issue a total of 1.312 million 338 lots at 100 face rate. Banks and financial institutions participating in C-ASBA licensed by the Nepal Securities Board and their designated branches can apply for this right. You can apply from my share of CDSC.
The rightful disposal and sale manager is Global IME Capital Limited. Shareholders will be able to apply for this right till December 10. The Nepal Securities Board (NSB) had given permission to Narayani Development Bank for rightful eviction on November 19. The bank had decided to close the book for one day on December 8 for the purpose of rightful eviction. This means that the existing shareholders are eligible to apply for the rights of this bank till December 10.
Similarly, Samridhi Finance has decided to close the book for one day on December 26 for the purpose of right share issue. This means that only the existing shareholders will be eligible to apply for the rights of this company till December 26 (Friday, December 9 and Saturday, December 10). Samridhi Finance will issue rights in the ratio of 2: 1. Accordingly, the company will issue a total of 27 lakh 29 thousand 705 shares at the face value of Rs 100.
The rightful sales manager is BOK Capital Limited. The Nepal Securities Board (NSB) had given permission for the eviction on December 13. Similarly, the Nepal Securities Board (NSB) has given permission to Chyangdi Hydropower and Corporate Development Bank for rightful eviction.
With the permission of Cebon, Chyangdi Hydropower will issue rights in the ratio of 10: 3 to the tune of Rs. 89.32 million. The company will issue a total of 8 lakh 93 thousand 25 lots at the face value of Rs 100 for the rightful shareholders.
The company’s rightful disposal and sales manager is Global IME Capital Limited. Similarly, Corporate Development Bank will issue rights equal to Rs. 300 million in the ratio of 1: 1.5. The bank will issue a total of 3 million shares at 100 face rate.
On Monday, Nepse increased its aggression in the pre-opening session:
The stock market, which closed on Thursday and opened today, has seen investor enthusiasm. The overall market has reached 2390 points after increasing by more than 14 points in the Nepse pre-opening session on Monday.
Over 1.2 million transactions of 31 companies have been made in this session today. Of the 25 companies traded, the share price rose while the share price of four companies declined. Similarly, share prices of two companies remained unchanged.
Shares of Nepal Bangladesh Bank have been bought and sold the most in this session today. After a long period of greenery in the market led by the banking sector, investors have become enthusiastic.
Bonus shares of Sangrila Development Bank listed on Nepse:
The bonus shares of Sangrila Development Bank (SADBL) are listed on the Nepal Stock Exchange (NEPSE).On Monday, 27 lakh 36 thousand 972.42 lots of bonus shares of the bank were listed in Nepse.
The bank had distributed 10 percent bonus shares of the paid-up capital from the last fiscal year’s profit. The bonus shares are listed on Nepse.
The bonus shares can be bought and sold in the secondary market after reaching the demat account of the shareholder.