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ECONOMY

Ace Capital named issue manager for ADBL's right issue

KATHMANDU, Aug 14: Agricultural Development Bank Ltd (ADBL) has signed an agreement with Ace Capital Ltd for its rights issue.
By Republica

KATHMANDU, Aug 14: Agricultural Development Bank Ltd (ADBL) has signed an agreement with Ace Capital Ltd for its rights issue.



Issuing a statement, the commercial bank said that its CEO Leela Prakash Sitaula signed the agreement with Purna Chandra Dahal, managing director of Ace Capital, amid a ceremony on Sunday.



The commercial bank is floating 19.69 million units of rights shares to its shareholders.


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