The bank is planning to issue 6,129,520 units of right shares worth Rs 612.9 million to its shareholders at a ratio of 10:2. The company has appointed Vibor Capital as its issue manager.
Presently, the bank has a paid-up capital of Rs 3.06 billion that will reach Rs 3.67 billion after the right issue.
ICRA Nepal has assigned grade 3 rating to the right issue indicating average fundamentals.
