Two companies, NIC Asia Bank and Chandragiri Hills, have requested permission from the Securities and Exchange Board of Nepal (SEBON) to issue right shares to their shareholders.
Two companies has requested permission from the Securities and Exchange Board of Nepal (SEBON) to issue right shares. NIC Asia Bank Limited and Chandragiri Hills Limited have submitted their application to SEBON to get approval for issuing these right shares.
NIC Asia Bank Right Share Details
NIC Asia Bank is planning to issue right shares in the ratio of 2:1. This means shareholders will get 50 percent right shares based on the paid-up capital they currently hold. Once the bank get approval from SEBON, it will issue 7 crore 45 lakh 87 thousand 835 units of right shares. The face value of each share will be Rs. 100. NIAMB S Capital is appointed as the issue and sales manager for this right share issue of the bank.
Chandragiri Hills Right Share Details
Similarly, Chandragiri Hills is also planning to issue right shares in the ratio of 1:1. This is a 100 percent right share issue for its existing shareholders. After getting the permission from SEBON, the company will issue 1 crore 61 lakh 7 thousand 955 units of right shares at a face value of Rs. 100 per share. Global IME Capital is managing the right share issue for Chandragiri Hills.
Both of these companies will start issuing the right shares to their shareholders only after they receive final approval from the regulator SEBON.
AI Disclaimer: This article was originally published on https://bajarkochirfar.com. It has been translated with the help of AI. For the best understanding and accurate facts, we recommend reading the original Nepali version.
