KATHMANDU, MAY 06:
Nepal Bank Limited (NBL), a state-controlled commercial bank, is issuing 36,196,174 units of rights shares to its shareholders.
Issuing a press statement on Sunday, the bank said rights shares would be distributed at 1:9.5157 ratio. Rights shares would be distributed from May 23 till June 26. The bank is issuing rights shares to raise its paid-up capital of Rs 4 billion. It has authorized capital of Rs 6 billion. The government has already made payment of Rs 1.39 billion for rights shares that it is entitled to, according to the statement. It owns 38.6 percent stake in the country´s oldest bank. “Rights shares will be distributed from Citizen´s Investment Fund, Civil Capital market Limited and all the branch offices of the bank including the head office," said the statement.
Source: Republica
Nepal Bank Limited (NBL), a state-controlled commercial bank, is issuing 36,196,174 units of rights shares to its shareholders.
Issuing a press statement on Sunday, the bank said rights shares would be distributed at 1:9.5157 ratio. Rights shares would be distributed from May 23 till June 26. The bank is issuing rights shares to raise its paid-up capital of Rs 4 billion. It has authorized capital of Rs 6 billion. The government has already made payment of Rs 1.39 billion for rights shares that it is entitled to, according to the statement. It owns 38.6 percent stake in the country´s oldest bank. “Rights shares will be distributed from Citizen´s Investment Fund, Civil Capital market Limited and all the branch offices of the bank including the head office," said the statement.
Source: Republica
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