Agricultural Dev Bank appoints Ace Capital as issue manager for upcoming 50% (1.96 crore units)Right Share

Agricultural Development Bank Limited (ADBL) has appointed Ace Capital Limited as its issue manager. Mr Purna Chandra Dahal, Issue Manager of Ace Capital and Lila Prakash Sitaula, CEO of Agricultural Development Bank signed on the agreement for share registrar appointment on Shrawan 30, 2073. Issuing a press statement it stated that Ace Capital will be the issue manager for issuing right shares of Agricultural Development Bank Limited. The bank is issuing 1, 96, 88, 000 units right share worth Rs 1.96 arba at the face value of Rs 100. From the establishment period, Ace Capital Limited has been carrying out share related activities of the commercial bank.