Nepal Bank to issue FPO for 1.76 crore unit shares; Siddhartha Capital appointed as the issue manager
Sun, Apr 29, 2018 10:31 AM on External Media, IPO/FPO News, Latest, Stock Market,
According to the 58th AGM of Nepal Bank Limited, the decision has been passed to issue 1,76,84,858 units of shares in Further Public Offering (FPO).
For the issuance of FPO, the bank has appointed Siddhartha Capital as the issue manager.
The issue will, of course, be in premium. However, the price hasn’t been decided yet. After the issuance, the stake of government in Nepal Bank Limited will be maintained at 51%. Currently, government holds 62% stake.
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