Civil Bank appoints Laxmi Capital Market for 30% right share issue

Civil Bank Limited (CBL) has appointed Laxmi Capital Market Limited as the issue manager for 30% right shares issuance. The right share will be issued on the paid-up capital after the acquisition of Unique Finance Limited and Hama Merchant and Finance Limited which is to be approved in the upcoming Annual General Meeting (AGM) slated to be held on Jestha 4, 2074. The agreement was signed by the Acting CEO of Civil Bank, Mr. Govinda Gurung and CEO of Laxmi Capital Market, Mr. Rajiv Sapkota. The bank has indicated that after the issuance of the right shares and expected bonus shares from the FY 2073/74, the paid-up capital of the bank shall reach the desired level as directed by Nepal Rastra Bank.