Excel Development Bank to issue share; NIBL Ace Capital appointed as sales manager
Kathmandu, April 12
Excel Development Bank will be issusing IPO. The company is going to issue 2,433,363.6742 shares in the ratio of 10: 3 passed by the annual general meeting held on Ashard 14, 2077. The company has appointed NIBL Ace Capital as the sales manager for the rights issue. The company has appointed a sales manager to issue the right shares in the ratio of 10 to 3.
So far, the company has not applied to the Securities Board of Nepal, the regulatory body, for the issue of rights shares. The right shares will be issued only after getting approval by submitting an application to the board.
- Flood alert issued as river levels expected to rise across Nepal
- Himalayan Everest Insurance wins Two International Awards
- Norvic International Hospital Pays Rs 1.8 Million in Medical Negligence Settlement
- Because Good Days have Good Choices
- People bathe in the holy Kaligandaki river on Harishayani Ekadashi
- Blocked Nala-Bhaktapur road section reopened using hume pipes
- PM Oli to visit Humla for bridge inauguration
- An explosion in Jagdamba stile industry, some workers injured
- NRB publishes Thursday’s foreign exchange rates
- Bidya Devi’s entry in UML: Ripples in future leadership
Comments