NIC Asia Bank has received approval from the Securities Board of Nepal (SEBON) to publish the terms and details of its proposed rights share issuance.
According to the bank's official notice, SEBON granted approval on Kartik 18, 2083, for the publication of the proposed rights share issuance arrangements and details.
The bank plans to issue 74,587,835 units of rights shares at a face value of NPR 100 per share. The shares will be issued in a 2:1 ratio based on the bank's existing paid-up ordinary share capital.
This means eligible existing shareholders will be entitled to purchase two rights shares for every one share they currently hold, subject to the applicable terms and conditions.
Published by NIC Asia Bank on 2083-7-19
