Nepal Bank’s 23.74% right share book closure on Chaitra 29; Only 4 trading days left

Nepal Bank Limited (NBL) had recently received approval from SEBON for the issuance of right shares in the 100.23.74.  The book closure date for the right issue has been set for Chaitra 29, 2073. As per the notice published in NEPSE today, the BOD meeting of NBL held today has decided that the register of their shareholders will remain closed on Chaitra 29, 2073. Only those shareholders holding shares one trading day ahead of the book closure date i.e. until Chaitra 28, 2073 are eligible to apply for the right shares. Nepal Bank’s 56^th AGM held on Jestha 28, 2073 had approved 23.74 % right share i.e 15,431,840 units to its existing shareholders. Nepal Bank has earned net profit of Rs 1.89 arba in the second quarter of the current fiscal year 2073/74. 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.