NIC Asia Bank Obtains Pre-Approval from NRB for Right Issue

May 04, 2026 10:57 AM Merolagani

NIC Asia Bank (NICA) has obtained pre-approval from Nepal Rastra Bank (NRB) to issue 50 percent right shares. Following the approval, the bank will issue 2:1 right share to its existing shareholders.

The central bank has given prior approval for the right issue on April 30. The special proposal regarding the right issue will be presented in the upcoming 28th Annual General Meeting (AGM) of the bank. The issuance of right shares will proceed only after final approval from the Securities Board of Nepal (SEBON) and approval from the AGM.

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