SEBON approves 50% right issue to NIC Asia Bank

Nov 04, 2026 12:46 PM Merolagani



NIC Asia Bank (NICA) has obtained approval from The Securities Board of Nepal (SEBON) to issue 50% right shares. The board approved the right proposal of the bank on  November 3.

After the approval, the bank will issue 1:0.50 right shares to its existing shareholders. As per the proposal, the bank will issue a total of 74,587,835 units of right shares at face value of Rs 100 per unit amounting to Rs 7.45 billion.

The bank has appointed NIMB Ace Capital as the issue manager.