Kathmandu. The Securities Board of Nepal has given permission to Narayani Development Bank to issue right shares. The board has allowed the bank to issue right shares in the ratio of 1:1.
The bank has received permission to issue 2,624,677 units of right shares per share. The bank will issue rights shares worth Rs 262.46 million with a face value of Rs 100 per share. Global IME Capital Limited is the issue manager of the company.
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