Nepal Credit & Commerce bank limited has announced Book closure date for 50% right shares. The book will be remains close on 15 Sharwan 2075.
Those shareholders who get registered in the book or buy shares within 14 Shrawan 2075 or one day ahead of book close will be eligible for right shares.
SEBON has granted approval to issue 50% right shares for Nepal Credit & commerce bank limited on 22 Ashad 2075.
The bank will be issuing 2:1 or 23,395,291 to its shareholders. The bank will float right share at the face value of Rs.100. The right shares will be issue soon.
Sunrise Capital has been appointed as issue manager for the right share.
Currently, its paid up capital is Rs.4.67 arba. After adjustment of 50% right share, paid up capital will reach to Rs.7.01 arba. Further bank needs to hike its capital by around Rs.99 crore to meets the capital directive by NRB of 8 arba.
