Promoters of Nepal Investment (NIBPO) who applied in FPO to get refund from Falgun 27

Nepal Investment Bank Limited (NIB) had issued 90,69, 388 units shares as a part of Further Public Offering (FPO) from Falgun 11 to Falgun 14 2072. The FPO was issued at Rs 601/unit.

Securities Board of Nepal (SEBON) had barred the promoter Shareholders of NIBL(NIBPO), BoD members and their immediate families from applying to this FPO.

Interested investors applied minimum of 10 to maximum of 2 lakhs units.

Publishing notice today, NIB has urged promoter Shareholders of NIBL(NIBPO), BoD members and their immediate families to contact their respective collection centers by Falgun 23, 2072 to initiate the process of refund. The applications of such individuals who do not qualify for the FPO will not be included in the allotment process.

Such investors are requested to bring the original receipt from the application form for refund. The refund process would start from Falgun 27, 2072.

Immediate family members include spouse, children (including adopted), Father, Mother, Step Father, Step Mother, and Brothers & Sisters who are dependent on principal applicant.

Interview: Rajan Kumar Amatya, Dy. General Manager of NIBL,: Consistent return to the shareholder is our priority