SEBON grants approval to Nepal Bank to issue FPO at Rs. 280 per shares. FPO price is fixed adding Rs. 180 as premium to the face value of Rs. 100.
The Bank will be issuing 1,76,84,858 units of share as further public offering at Rs. 280. The bank will collect Rs.3.18 arba as premium which will be added in reserve.
Siddhartha Capital limited has been appointed as issue further public offering (FPO).
Currently, ownership of government is 62% after FPO government ownership will be down to 51%.
Currently, its paid up capital is Rs.8.04 arba. After FPO, paid up capital will be reach to Rs.9.81 arba. Reserve will be increased thereby.
