Showing posts with label Right Shares. Show all posts
Showing posts with label Right Shares. Show all posts

Wednesday, January 26, 2022

Rights Offering of Narayani Development Bank (NABBC) Closing Today

nepseok
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.


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