Nepal Infrastructure Gears Up For Biggest IPO Issue

Nov 19, 2019 10:05 AM Merolagani

Nepal Infrastructure Bank is gearing up for the biggest initial public offering (IPO) of the domestic securities market. The bank with an agenda of issuing 80 million units of primary shares worth Rs 8 billion has called out its first AGM.

The bank has called out its first ever AGM on December 15 in Radisson Hotel at 4:00 PM. The meeting will endorse a proposal of raising paid-up capital to Rs 20 billion, approve appointment of director and elect directors from promoter shareholders.

In the first quarter of the current FY, the bank has reserve fund of Rs 974.8 million. It earned a net profit of Rs 185.8 million during the period.

 


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