The bank is issuing 23,395,291 units of right shares at a ratio of 2:1 to its existing shareholders in a bid to increase its paid-up capital.
NCC Bank closed its book on July 31 for the right issue, thus, the shareholders registered in its book till July 30 are eligible to apply for the right share.
The interested shareholders can apply for the shares from all ASBA approved BFIs as well as Sunrise Capital, Kamalpokhari and all branches of NCC Bank.
The 19th AGM of the bank held on September 1, 2017, decided to issue 2:1 units of right shares of the current paid-up capital of Rs 4.67 billion. The bank sought SEBON approval for the right issue on July 6.
Presently, the bank has a paid-up capital of Rs 4.67 billion which will reach Rs 7.01 billion after the right issue. The bank is still short of Rs 990 million to meet the minimum paid-up capital of Rs 8 billion.
