The Securities Board of Nepal (SEBON) has approved the rights offering proposal of NIC Asia Bank Limited (NICA). The approval was issued on Kartik 17, 2083.
The company will issue 50% right shares worth Rs. 7.45 Arba, comprising 74,587,835 (1:0.50) units, to its existing shareholders.
The company's paid-up capital is Rs. 14.91 Arba. After the adjustment of the proposed right shares, i.e., 74,587,835 units, the company's paid-up capital will increase to Rs. 22.37 Arba.
NIMB Ace Capital Limited is appointed as the issue manager.
As of writing, NICA closed at Rs. 352.00.
