KATHMANDU, DEC 8, 2012
Nepal Bank Limited is to offer the rights shares of worth around Rs. 3.61 billion in mid-January to reach the Bank's paid up capital to Rs. 4 billion.
According to the Bank, it is going to offer the right shares in a ratio of 1:9.5 to its existing shareholders. As many as 36,195,820 right shares valued Rs. 100 per share will be issued for the existing shareholders.
The bank has handed over the right to Citizen Investment Trust for the issue and sales management service of the right shares that could be purchased in the fixed price by the existing shareholders, said Bank's Liaison Officer Ashwin Pudasaini.
The Bank Management Group's Coordinator Maheshworlal Shrestha and Chief Executive Officer of the CIT, Rhishiram Gautam signed the agreement on Thursday.
Meanwhile, the bank has brought its banking and ATM service through an extension counter at Ratna Rajya (RR) Campus, Exhibition Road.
RR Campus Chief Rudra Prasad Paudel and the Bank's Coordinator of Management Group, Shrestha jointly inaugurated the service amid a function recently.
The Bank has been providing modern banking services through its 116 branches across the country.
Nepal Bank Limited is to offer the rights shares of worth around Rs. 3.61 billion in mid-January to reach the Bank's paid up capital to Rs. 4 billion.
According to the Bank, it is going to offer the right shares in a ratio of 1:9.5 to its existing shareholders. As many as 36,195,820 right shares valued Rs. 100 per share will be issued for the existing shareholders.
The bank has handed over the right to Citizen Investment Trust for the issue and sales management service of the right shares that could be purchased in the fixed price by the existing shareholders, said Bank's Liaison Officer Ashwin Pudasaini.
The Bank Management Group's Coordinator Maheshworlal Shrestha and Chief Executive Officer of the CIT, Rhishiram Gautam signed the agreement on Thursday.
Meanwhile, the bank has brought its banking and ATM service through an extension counter at Ratna Rajya (RR) Campus, Exhibition Road.
RR Campus Chief Rudra Prasad Paudel and the Bank's Coordinator of Management Group, Shrestha jointly inaugurated the service amid a function recently.
The Bank has been providing modern banking services through its 116 branches across the country.
Source: THT
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