Kathmandu. Nepal Stock Exchange (NEPSE) has adjusted the share price of Narayani Development Bank.
Nepse has adjusted the share price of Narayani Development Bank to Rs 718.33 per share for the purpose of issuing right shares. According to yesterday’s last transaction price, the bank’s share price was Rs 1336.65. Now according to the adjusted price, the shares of this bank will be traded.
The bank has decided to close the book for the purpose of right issue today. This means that the shareholders will be able to fill the right shares of this bank till August 15.
The Securities Board of Nepal (SEBI) had on July 12 allowed Narayani Development Bank to issue 100 per cent right shares in the ratio of 1:1. The bank will now issue a total of 2,624,677 units of right shares worth Rs 262,467,700 to its shareholders at a face value of Rs 100 each.
After the sale of the right shares, the paid-up capital of the bank will reach Rs 524.9million. Global IME Capital is the right share sale manager of the bank.
