Nepal bank limited has applied for approval from SEBON for FPO issuance. It is added in pipeline.
The bank has fixed price of FPO at Rs.280 per share adding Rs.180 premium in face value. The bank is seeking for approval from SEBON at Rs.280 per share. It is under preliminary review period on SEBON.
The AGM of bank had approved to issue 1,76,84,858 units of share as further public offering.
Siddhartha Capital limted 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.
