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Machhapuchchhre Bank allots unsubscribed rights shares

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KATHMANDU, Jan 27: Machhapuchchhre Bank Ltd (MBL) has allotted the unsubscribed 20 percent rights shares to its shareholders. Issuing a statement on Wednesday, the commercial bank said that it allotted 42,612 units of unsubscribed shares toward promoter group and 233,984 units toward public group to 42 applicants.

According to the statement, the bank had received 838 applications worth Rs 720 million in the bidding of unsubscribed rights shares. The shares were allotted to public shareholders, who had applied for shares with a bidding amount ranging from Rs 525 to Rs 601, while promoter shareholders, who bid in the price range of Rs 312.2 to Rs 350.87, have got the shares.  Similarly, the bank said that it has started refunding the subscription amount of shareholders, who did not get shares, from Wednesday.



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