Nepal Bank issuing 23.74% (1.54 crore units) Right Shares from today

Nepal Bank Limited (NBL) is issuing 100:23.74 (23.74%) right shares to its existing shareholders from today (Baisakh 7, 2074). The rights issue will close on Jestha 10, 2074. Nepal Bank isissuing a total of 1,54,31,840 unit right shares at the face value of Rs 100. The book closure date for 23.74% right issue has been set for Chaitra 29, 2073. Only the shares registered one trading day ahead of the book closure date i.e. until Chaitra 28, 2073 are eligible to apply for the right shares. Civil Capital Markets Limited has been assigned as the issue manager for right share issue. After the adjustment of the rights shares, the bank’s total paid-up capital will reach Rs 8.04 arba from the existing Rs 6.49 arba. The bank has authorized capital of Rs 10 arba. Its public-promoter share structure stands at 62.21:37.79 ratio. Interested shareholders can collect the application forms from Civil Capital Markets Ltd, CTC Mahal, Sundhara, Kathmandu, and all branch offices of Nepal Bank. Nepal Bank has earned net profit of Rs 1.89 arba in the second quarter of the current fiscal year 2073/74.