Friday, January 11, 2013

Mega Bank AGM approves IPO launch

KATHMANDU, JAN 10, 2012

The second annual general meeting of Mega Bank has approved the issuance of 6.99 million shares worth Rs 699 million allocated for the general public through initial public offering (IPO), a statement issued by the bank said. "The IPO shall be launched soon as the aim is to have the shares listed on the Nepal Stock Exchange within the current fiscal year," the statement quoted Dr Madan Kumar Dahal, chairman of the bank, as saying. The bank at present has 28 branch offices and is providing remittance services from over 500 different locations of the country.

Source: Republica

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