SEBON approves right shares of Kumari Bank; Paid-up Capital to reach Rs 7.15 arba
Tue, Apr 3, 2018 6:51 AM on Latest, Dividend, Bonus & Rights, Featured, Stock Market,
Securities Board of Nepal has recently permitted Kumari bank to issue right shares. The bank will be issuing 1.91 crore unit (20%) right shares in the par value of Rs 100.
NIBL Ace Capital has been appointed as the issue manager for the right issue.
Currently, the paid up capital of the bank stands at Rs 5.96 arba. After the issuance of the right shares, the paid up capital of the bank will stand at Rs 7.15 arba. The bank’s paid up capital will still be short by 85 crore from the requirement set by Nepal Rastra Bank which is much likely to be attained by bonus share.
