An annual general meeting (AGM) of the company held on August 30 endorsed a proposal of issuing IPO worth Rs 40 million. "We are becoming the first merchant bank to issue IPO. In a bid to raise the paid-up capital to Rs 200 million from Rs 100 million, we are transferring 20 percent ownership to the general public," said Sameer Prasad Dhahal, CEO of CBIL Capital.
According to CEO Dahal, out of the Rs 200 million paid-up capital, Rs 40 million worth of shares are being issued to the general public. Moreover, the AGM also endorsed a proposal of restructuring the promoter and general shareholders to 80:20.
Furthermore, the capital also approved of distributing 5 percent cash dividend to the shareholders.
CBIL Capital, a subsidiary company of Citizens Bank is located at Batule Ghar, Dilli Bazaar. The company provides services of issue management, share registration, investment management and securities underwriting. It also provides various services to general investors.
