Narayani Development Bank (NABBC) Unveils Book Closure Date for 100% Rights Offering

Narayani Development Bank Limited (NABBC) has unveiled the book closure date for its 100% right shares on 9th Bhadra, 2082. Thus, shareholders who held their shares before Bhadra 08 are eligible for the rights offering.

The company will be issuing 100% right shares worth Rs. 26.24 Crores through the issue of 2,624,676 (1: 1) units of right shares to its existing shareholders.

The current paid-up capital is Rs. 26.24 Crores. After the adjustment of the proposed right share, i.e., 2,624,676 units, the company's paid-up capital will increase to Rs. 52.49 Crores.

Global IME Capital Limited is appointed as the issue manager.

As of writing, NABBC closed at Rs. 1,558.21.