Narayani Development Bank Limited will open the subscription and sale of rights shares from Ashoj 2. The bank plans to issue new shares at a 1:1 ratio, equivalent to 100% of its current paid-up capital.
Under this issuance, the bank will offer 2,624,676 rights shares at a face value of Rs. 100 per share, totaling Rs. 262,467,600. The deadline for applications has been set as Ashoj 22.
The bank had closed its share register on Bhadra 9, allowing only shareholders registered by Bhadra 8 on NEPSE to apply for the rights shares.
In the rating conducted for the rights issuance, ICRA Nepal assigned a C-plus rating to the bank, indicating a high risk in its ability to meet financial obligations on time.
Global IME Capital Limited is managing the rights share issuance and sale. Investors can submit applications through the manager’s branches, the bank’s central and major branches, or online via the C-ASBA system and the Mero Share platform.
This article was originally published on https://bajarkochirfar.com. Translated with the help of AI and reviewed by our editorial team.
