Kathmandu. Today is the last day to apply for the right shares of Narayani Development Bank.
The bank had issued right shares to its shareholders from September 2. Applications for the shares can be made during banking hours today.
The bank is issuing 100% right shares in the ratio of 1:1 of its paid-up capital. The bank is issuing 26,24,676 units of right shares at a face value of Rs 100 per share.
Global IME Capital has been appointed as the issue manager for the IPO issuance. The interested bidders can bid for the shares from Global IME Bank’s Bhumahi and Nawalparasi branch offices, Narayani Development Bank’s central office in Yagyapuri, Tandi branch of Parsa and Narayangadh.
Similarly, the shareholders can also apply for the shares of the banks and financial institutions participating in the ASBA service and CDSC.
The bank had closed its book on August 24 for the purpose of issuing right shares. This means that shareholders who have remained in power till August 8 will be able to apply for these right shares.
Presently, the bank has a paid-up capital of Rs 26,24,67,600. After the issuance of the right shares, the bank’s paid-up capital will reach Rs 52,49,35,200.
