Rights Offering of Narayani Development Bank (NABBC) Closing Today

Narayani Development Bank Limited (NABBC) is closing its ongoing 1:1 rights offering from today, i.e. 12th Magh. The issue was opened on 7th Poush, 2078.

A total of 13,12,338 unit shares will be issued at a par value of Rs. 100 per share.

The 19th AGM of the company held on Magh 16, 2077 had endorsed the proposal to issue 1: 2 right shares. The right shares is being issued on the paid-up capital of Rs. 13,12,33,800. However, based on the letter forwarded by the central bank on Jestha 20, 2078, the development bank was given approval to issue the right shares in a 1: 1 ratio only. This will only double the paid-up capital, compared to the company's expectation to tripe it.