Narayani Development Bank has received approval from SEBON to issue 100% rights shares at a 1:1 ratio on its current paid-up capital.
Narayani Development Bank Limited has received approval from the Securities Board of Nepal (SEBON) to issue rights shares. The regulatory approval was granted on Shrawan 15. Following this approval, the bank will issue rights shares in the ratio of 1:1, equivalent to 100% of its existing paid-up capital.
The current paid-up capital of the bank stands at Rs. 26 crore. Based on this, the company will offer a total of 26,24,677 rights shares at a par value of Rs. 100 per share. These shares will be available to existing shareholders in proportion to their current holdings.
Global IME Capital Limited has been appointed as the issue and sales manager for the rights offering.
This article was originally published on https://bajarkochirfar.com. Translated with the help of AI and reviewed by our editorial team.
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