Nepal Bank expedites issue of 23.74% right; appoints Civil Capital Markets as issue manager

Nepal Bank Limited (NBL) has appointed Civil Capital Markets Limited as the issue manager for its upcoming 23.74% right share. NBL is issuing 1.54 lakh units right shares to its existing shareholders at par value of Rs 100 per unit. Nepal Bank’s 56^th AGM conducted on Jestha 28, 2073 had approved the agenda to issue shares in the ratio 10:2.37431. Its paid up capital stands at Rs 6.49 arba. After the issuance of right shares, the paid up capital of the bank will reach over Rs. 8.04 arba. Nepal Bank posted a net profit of over Rs 1.16 arba in the first quarter of the current fiscal year 2073/74. Its last traded price stood at Rs 405 as of January 18, 2017.