Offer Letter Published for Narayani Development Bank Limited; Right Shares Issue Opens from Ashwin 2

Summary

Narayani Development Bank Limited has published an offer letter for issuing 100% right shares from Ashwin 2 to Ashwin 22, 2082, doubling its paid-up capital to Rs. 52.49 Crores.

Key Points
  • Narayani Development Bank Limited is issuing 100% right shares to existing shareholders.
  • The rights shares issue is valued at Rs. 26.24 Crores via 2,624,676 units.
  • Paid-up capital will increase from Rs. 26.24 Crores to Rs. 52.49 Crores after this issue.
  • Global IME Capital Limited has been appointed as the issue manager.
Article image