Kanchan Devt Bank to Distribute Right Share

June 19: The special general meeting (SGM) of Kanchan Development Bank held on June 18 has endorsed the proposal to distribute right share in the ratio 2:1 to its existing shareholders. The SGM was concluded under the leadership of Shiva Singh Karki, Chairman of Board of Directors (BOD) of the bank. Similarly, the SGM also unanimously approved the proposal to create share structure including 51 percent of promoters’ shares and 49 percent of general shares.