Kathmandu, Apr. 14
NIBL Ace Capital Limited is appointed as
the issue manager for the Excel Development Bank Limited, for Right Share issue.
The right
shares totaling 2,433,363.67 units will be issued to its shareholders.
The 14th Annual General
Meeting of the company held on July last year had endorsed a 10: 3 rights
offering.
The shares will be issued to
shareholders at a rate of Rs. 100 per unit. This offering will raise a capital
of Rs. 243,336,367 for the company.
The agreement for the same was
signed on April 09, 2021 between Dinesh Kumar Pokhrel, Chief Executive Officer
of the bank, and Mekh Bahdaur Thapa, Deputy Chief
Executive Officer and Sachindra
Dhungana, Assistant General Manager of the Capital.
Published in The Rising Nepal daily on 15 April 2021.
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