19% of NGBL promoter shares get converted to public shares

Fri, Jul 18, 2014 12:00 AM on Others,

ShareSansar, July 18:

Nepal Stock Exchange Limited (Nepse) has decided to covert 19 percent of promoter shares of Nilgiri Development Bank Limited.

According to Nepse, it endorsed the promoter share conversion as per the approval of Nepal Rastra Bank and Ssebon.

With this promoter to public proportion of NGBL now stands at 51: 49 effective from today.