Kathmandu. Narayani Development Bank has got permission to issue right shares. The Securities Board of Nepal has given permission to the bank to issue right shares.
The securities board has allowed the 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.
