Narayani Development Bank To Issue 1:1 Right Share

August 29, 2022 | Investopaper

Narayani Development Bank Limited (NABBC) is again planning to sell right shares to the shareholders. For this purpose, the company has submitted the application to the Securities Board Of Nepal (SEBON) on Bhadra 9, 2079 BS.

Only after the approval from the regulatory body SEBON, the company can sell the right shares.

NABBC will issue the right shares in the ratio of 1:1. This means that, shareholders with 100 shares can apply for the additional 100 shares.

At present, NABBC has a paid up capital of Rs. 26.24 crores. Hence, the company has plans to sell right shares worth Rs. 26.24 crores.

After the right issue, NABBC will have a paid-up capital of Rs.  62.48 crores.

The company has already approved the agenda of issuing right share in the ratio of 1:1 from its Special General Meeting (SGM) held on Ashad 8, 2079 BS.

Global IME Capital Limited is the issue and sales manager for the right offering.

Previously, the company had sold 100 percent right shares from Poush 7 to Magh 12, 2078 BS.

Also Read: Narayani Development Bank 1:1 right share


Investopaper is a financial website which provides news, articles, data, and reports related to business, finance and economics.

Leave a Reply

Your email address will not be published.

error: Content is protected !!