Nepal Credit & Commerce bank to issue 50% right share from 04 Bhadra 2075. The right share issue will be remains open till 07 Ashoj 2075.
The bank will be issuing 2:1 or 23,395,291 units right share to its shareholders at the face value of Rs.100.
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.
Sunrise Capital has been appointed as issue manager for the right share.
Eligible shareholders can apply from all the C-ASBA approved banks & financial institutions.
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.
