header banner
ECONOMY

Mega Bank seeks Sebon nod to float rights issue

KATHMANDU, June 1: Mega Bank Limited has sought approval from the Securities Board of Nepal to float 65 percent rights issue. It has already appointed Nabil Investment Banking Ltd as issue manager for the rights issue.
By Republica

KATHMANDU, June 1: Mega Bank Limited has sought approval from the Securities Board of Nepal to float 65 percent rights issue. It has already appointed Nabil Investment Banking Ltd as issue manager for the rights issue.


Related story

19 companies await Sebon nod to launch rights issue


Issuing a statement, the bank said that it has proposed to issue 29.78 million shares to raise Rs 2.97 billion. The bank recently provided 13.95 bonus shares and 0.7 percent cash dividend (for tax purpose) to its shareholders from profit that it earned in Fiscal Year 2015/16, according to the statement.

Related Stories
ECONOMY

CBIL Capital to float Lumbini General Insurance’s...

ECONOMY

Upper Tamakoshi gets Sebon nod to float public sha...

ECONOMY

18 firms await Sebon's nod to float shares worth R...

ECONOMY

CIBL Capital to float Sanima's rights issue

ECONOMY

Sebon permits five companies to float their IPOs f...