Rights Issue of Narayani Development Bank Approved; Company to Raise 26.24 Crore
Sun, Jan 7, 2024 10:29 AM on Latest, Dividend, Bonus & Rights,
The Securities Board of Nepal (SEBON) has approved the rights offering proposal of Narayani Development Bank Limited (NABBC) on Poush 19, 2080.
The company will be issuing 100% right shares worth Rs. 26.24 Crores through the issue of 26,24,676 (1:1) units of right shares to its existing shareholders.
The current paid-up capital of Rs. 26.24 crore. After the adjustment of the proposed right share i.e. 26.24 lakhs units, the paid-up capital of the company will increase to Rs. 52.4 Crores.
Global IME Capital Limited has been appointed as the issue manager. The application was submitted to the board on Bhadra 9, 2079.
As of writing, NABBC closed at Rs. 396.10.
