Machhapuchchhre Bank to Issue 2:1 Right Shares

November 16: Machhapuchchhre Bank is issuing 2:1 right shares to its shareholders from December 4 to January 8. The bank is issuing 19.3 million right shares priced at Rs 100 to its existing shareholders.

The bank informed that the investors registered in its shareholders book up to October 27 can apply for the right shares. The interest shareholders can apply for the shares through its issue manager Civil Capital Market. After the issuance of the right shares, the paid-up capital of the bank will reach Rs 5.79 billion.

Meanwhile, the net profit of the bank has increased by 42 percent to Rs 246.9 million in the first three months of the current FY. Moreover the operating profit of the bank has increased by 30 percent in the first quarter of the current FY. The bank has net worth per share of Rs 119.73.