Kathmandu. NIC Asia Bank has been granted permission to issue right shares.
The Securities Board of Nepal (SEBON) today granted permission to NIC Asia Bank to issue right shares. The bank has been allowed to issue 50 percent right shares in the ratio of 2:1 of the existing paid-up capital.
Now, the bank will issue a total of 7,45,87,835 units of right shares of 100 face value to its shareholders. NIMB Ace Capital has been appointed as the issue manager for the bank’s right shares.
