NIC ASIA Bank Conducts Annual General Meeting on June 18

बैंकिङ संसार

प्रकाशित मिति : २२ बैशाख २०८३, मंगलवार ११:४२

. NIC ASIA Bank is going to hold its Annual General Meeting (AGM) today. The meeting of the Board of Directors of the bank held on May 4 has decided to hold the AGM at 9:00 am on June 3 at Bhadrakali, Kathmandu.

The bank has already received approval from Nepal Rastra Bank (NRB) to issue 50 percent right shares of its current paid-up capital.TAG_OPEN_div_13 As per the agreement, the AGM will present a proposal of issuing 7,45,87,835 units right shares in the ratio of 2:1. In addition, the bank has a target to raise Rs 7.45 billion through right shares.

The Board of Directors meeting held on January 20 had made a preliminary decision for the right issue.TAG_OPEN_div_11 After the approval from the AGM, the process will proceed to the Securities Board of Nepal for final approval. The right shares will be issued only after all regulatory approvals are completed.

Along with the right issuance, the bank will also take a proposal to increase its authorized capital and paid-up capital to the meeting.TAG_OPEN_div_9 The bank has decided to close the book on May 20.