Kathmandu. Applications for right shares of Narayani Development Bank can be started from today, September 2.
The bank is issuing 100% right shares to its shareholders in the ratio of 1:1. The bank has issued 2,624,676 units of right shares at a face value of Rs 100 per share.
Global IME Capital has been appointed as the right share manager of the bank. The interested bidders can bid for the shares from Global IME Bank, Nawalparasi-Nawalparasi-branch of Global IME Bank, Yagyapuri branch office, Tandi branch of Parsa and Narayangadh. The interested bidders can apply for the ASBA service through the C-ASBA system and through CDSC’s My Share. The shareholders can apply for the right shares till October 22.
The bank had closed the book on August 24 for the issuance of right shares. This means that shareholders who have remained in power till August 24 will be able to apply for these right shares.
