The issuance process will be carried out after completing other regulatory approvals and procedures required for the issuance of rights shares.
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NIC Asia Bank Limited has appointed NIMB S Capital Limited as the issue and sale manager for the issuance of rights shares in a ratio of 2:1.
The agreement regarding the issue and sale of rights shares was signed by Chief Financial Officer Rupesh Luitel on behalf of the issuing company and Deputy Chief Executive Officer Sachindra Dhungana on behalf of the issue and sale manager.
The bank will issue 74,87,835 units of right shares at a par value of Rs 7,458,783,000 to existing shareholders in the ratio of two shares to one (2:1) share (i.e., 2 (two) units of existing shares to 1 (one) new unit of common shares), with a current paid-up capital of Rs 14,917,66,000.
The bank has stated that the issuance will be carried out after completing other regulatory approvals and procedures required for the issue of the right shares.
