Sebon approves to issue 23.74% Right Share of Nepal Bank

Securities Board of Nepal (SEBON) has given final approval to issue 100:23.74 (23.74%) right shares of Nepal Bank Limited (NBL). Civil Capital Market Limited has been assigned as the issue manager for right share issue. 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. It’s 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. Nepal Bank has earned net profit of Rs 1.89 arba in the second quarter of the current fiscal year 2073/74. Its last traded price (LTP) stood at Rs 460 as of March 28, 2017.