The Corporate Development Bank (CORBL) has announced the book closing date for the 1:1.5 Rights Offering.
The Corporate Development Bank Limited (CORBL) has announced the date on which the book for its rights sale will close. Poush 26 is the date on which the book will be closed. As a result, shareholders who had their accounts in good standing before that date are able to apply for the appropriate shares.
The rights proposal of Corporate Development Bank Limited has already been accepted by the Securities and Exchange Board of Nepal (SEBON) (CORBL). The proposal for Poush 26 had been filed by the business the previous year. On Poush 01, it has now been approved by the regulatory authority.
The corporation will now issue the appropriate number of shares in a 1:1.5 ratio. As a result, an investor who already owns 100 shares of CORBL can apply for an additional 150 shares in the appropriate offering. At a par value of Rs. 100 per share, 30 lakh unit shares will be issued at a total of Rs. 100 per share. Civil Capital has been designated to serve as the issue manager for this offering.
CORBL has an LTP of Rs. 851.40 at of the time of writing.