Mega Bank allotted 2.79 crore unit right shares; to auction unsubscribed 18.40 lakh unit shares

Mega Bank Nepal Limited (MEGA) has allotted right shares to its shareholders. As per the notice published by the bank, it has allotted 2,79,44,295 crore unit right shares to 1,48,874 applicant shareholders. The bank will refund for those applicants who had applied more than units they are eligible to apply the right shares. The bank will be selling unsubscribed right shares through auction. Thus, bank will be auctioning 18,40,739.63 units shares at Rs 100 and above. The bank will further publish notice regarding the auction details. MEGA had floated right shares to its shareholders from Bhadra 27 to Kartik 14, 2074. Nabil Investment Banking Limited is the issue manager for the right shares. At present, Mega Bank has paid-up capital of Rs 7.56 arba, while the paid-up capital of Tourism Development Bank is Rs 2.1 arba. The merged entity will have paid-up capital of Rs 9.47 arba, while its total deposit base and loan disbursement will be Rs 49.5 arba and Rs 45.59 arba respectively. Likewise, the newly form entity will have presence in 48 districts with a network of 112 branch offices and 11 extension counters. Announcement: