50% Right Shares of NIC Asia Bank Limited Approved By SEBON
Summary
SEBON has approved NIC Asia Bank Limited’s 50% rights share issue worth Rs. 7.45 billion. The bank will raise its paid-up capital to Rs. 22.37 billion after issuing 74.6 million new shares to existing shareholders.
Key Points
- SEBON approved NIC Asia Bank Limited’s rights offering proposal on Kartik 17, 2083.
- The bank will issue 74,587,835 right shares at a 1:0.50 ratio, worth Rs. 7.45 Arba.
- NIC Asia Bank’s paid-up capital will rise from Rs. 14.91 Arba to Rs. 22.37 Arba after the issue.
- NIMB Ace Capital Limited has been appointed as the issue manager.
