SEBON bars NIBPO holders & their immediate families from investing in NIBL FPO
Thu, Feb 25, 2016 1:43 PM on Latest, IPO/FPO News, Featured, Stock Market,
Nepal Investment Bank Limited (NIB) is issuing 90,69, 388 units shares worth Rs as a part of Further Public Offering (FPO) from today (Falgun 11, 2072). The FPO is being issued at Rs 601/unit.
Interested investors can apply minimum of 10 units while one can apply up to 2 lakhs units. The issue will close on Falgun 14 at the earliest. Demat A/C is not compulsory to apply for FPO of NIB.
In the offer letter investors are required to sign a self declared statement, under perjury of law, which states the applicant is not promoter, member of BoD of NIB and their immediate family.
Issuing press release today Securities Board of Nepal (SEBON) barred promoter,member of BoD of NIB and their immediate family from applying in FPO as FPO has already oversubscribed.
