50% right of Sanima & 55% right of Citizens Bank at SEBON for approval; 25% right of NIC Asia in pipeline

The 11th Annual General Meeting (AGM)  of Sanima Bank Ltd on Ashwin 28, 2072 had endorsed 50% right shares.

Sanima Bank will be floating 15,301, 440 units right share. Nabil Investment Banking has been assigned issue manager for the same.

An official with Sanima Bank said, “The bank has applied for approval in the Securities board of Nepal (SEBON). It is in the process.”

We will be allotting right shares within the current fiscal year, he added.

The 9th Annual General Meeting (AGM) of Citizens Bank International Limited held on Ashwin 28, 2072 had endorsed 55% right shares.

The company will be issuing 16,921,466 units right shares. Global IME Capital Limited has been assigned as the issue manager for the same.

An official with Citizen Bank International said, “ Most probably the right shares will be issued by Baishak, we have applied in SEBON for the approval.”

Niraj Giri Spokesperson of SEBON said, “ Right shares approval is in process and we will be making decision regarding it as soon as possible. “

NIC Asia Bank Limited (NICA) convened its 18^thAnnual General Meeting (AGM) on Magh 10, 2072.

The 18^th Annual General Meeting (AGM) of NIC Asia held on Magh 10, 2072 had endorsed 25% right shares.

An official with NIC Asia said, “The bank will be applying for approval in SEBON within 2 months.”