Deadline Extended for 1:1 Right Share Offering of Narayani Development Bank Limited

Kathmandu — Narayani Development Bank Limited (NABBC) has extended the deadline for its ongoing 1:1 right share offering. The issue, which opened on Ashwin 2, 2082, was initially scheduled to close on Ashwin 22, 2082. However, as per the latest notice, the deadline has now been extended until Kartik 9, 2082.

The bank is issuing 100% right shares — i.e., one right share for every share held — amounting to 2,624,676 units worth Rs. 26.24 crore. The company’s current paid-up capital stands at Rs. 26.24 crore, which will increase to Rs. 52.49 crore after the adjustment of the right shares.

According to the Central Depository System and Clearing Limited (CDSC), so far 1,073 applicants have applied for 326,100 units of right shares, equivalent to Rs. 3.26 crore.

Global IME Capital Limited has been appointed as the issue manager for this right share issuance.

The book closure date was set for Bhadra 8, 2082. Therefore, only those investors who held shares before that date are eligible to apply for the right shares.