Narayani Development Bank To Issue 1:1 Right Share

November 20, 2020 | Investopaper

Narayani Development Bank will issue right share to the shareholders in the ratio 1:1. The company is planning to sell 656,169 additional shares. For this, it has submitted application to Securities Board of Nepal (SEBON) on November 13, 2020 [Karthik 28, 2077].

After receiving the permission from SEBON, the company can issue the right share. Global IME Capital Limited is the issue manager for the sale of right share.

At current, the paid-up capital of  Narayani Development Bank is Rs 6.56 crores. After the right issue, the capital will rise to Rs 13.12 crores.

Narayani Development Bank came into operation since 28th September, 2001. The bank corporate office is located in Ratnanagar-1, Tandi, Chitawn.

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