Forum

Thanks Member ji for the valuable information.

Nepal Bank’s rights issue collection at Rs 3 arba 33 crore, 8% short of target

ShareSansar, July 12:

The rights shares issued by Nepal Bank has fallen 8 percent short of being fully subscribed as the money collected by the end of closing day accounted only for 92 percent of the total issue.

As per the press statement sent by the bank, it will sell the remaining shares following the due legal process.

The bank got Rs 1 arba 40 crore worth of applications for the rights shares from the government alone, which has 38.6 percent stake in the bank.

Likewise, it collected Rs 1 arba 93 crore from other shareholders such as the bank’s employees, business houses and minority shareholders who own 61.4 percent stake in the bank.

The total collection from this rights issue stands at Rs 3 arba 33 crore, says the press statement.

The paid up capital of the bank has reached Rs 3 arba 71 crore, up from Rs 38 crore before the issue. After the sale of the remaining shares, the paid up capital will reach 4 arba.

The bank had floated a total of 36,193,174 unit’s rights shares with the ratio of 1:9.5 on May 23. The date for the closure of the rights shares was set for June 26 but was extended by 15 days after the shares were not fully subscribed.

Source: Share Sansar

Dear Friends

how much right shares were being filled for NBL recently? anyone has the exact data?