20% Right Issue of Muktinath Bikas Bank receive final approval form SEBON; more than 61 Lakh units to be issued

Muktinath Bikas Bank (MNBBL)'s 20% right shares has been approved by Securities Board of Nepal (SEBON) in the latest list of right shares approved.

The company will be floating 61 lakh 29 thousand 520.25 unit shares worth Rs 61.29 Crore for the existing shareholders of the company.

Vibor Capital has been appointed as the issue manager for the issue.

ICRA Nepal Limited has assigned a [ICRANP] IPO Grade 3 (Pronounced as ICRA NP IPO Grade Three) to the Rs 612,952,025 Rights Issue of Muktinath Bikas Bank Ltd. Instruments with this grading are considered to have average fundamentals.