NRB disapproves Shine Resunga Development Bank's proposal for Right Shares

Shine Resunga Development Bank Limited (SHINE) has issued a notice acknowledging the amendments made by NEPSE in the company's proposal.

Shine Resunga had proposed the right shares in the ratio of 4:1 after acquiring Purnima Bikas Bank Limited and Bhargav Bikash Bank Limited in order to increase its paid-up capital. However, Nepal Rastra Bank has not approved this proposal. Thus, the paid-up capital of Shine Resunga Development Bank Limited will be maintained at Rs. 3.01 Arba (Rs. 3,01,63,39,742).

Meanwhile, Nepal Rastra Bank has approved promoter shares to be maintained at 54.87% of the total shares and public shareholding to be maintained at 45.15%.