Narayani Development Bank Limited (NABBC) has officially listed 19,08,988 units of right shares on the Nepal Stock Exchange (NEPSE), increasing the total number of tradable shares available in the secondary market.
The bank had launched its 100% right share issue for existing shareholders beginning from Ashwin 2, 2082, and the subscription period remained open until Kartik 9, 2082. Under the offering structure, shareholders were provided an opportunity to subscribe to one additional share for every one existing share held (1:1 ratio).
Through the issuance, the company offered a total of 26,24,676 right shares worth NPR 26.24 crore. Prior to the issue, Narayani Development Bank’s paid-up capital stood at NPR 26.24 crore. Following the adjustment and full incorporation of the right shares into capital, the bank’s paid-up capital is expected to rise to approximately NPR 52.49 crore, effectively doubling its equity base.
According to data released by CDSC, investor participation remained active during the rights offering period. A total of 1,437 applicants submitted applications for 5,04,614 units of right shares, representing demand worth approximately NPR 50.46 crore.
Global IME Capital Limited served as the issue manager for the rights offering process. With the listing of these additional shares on NEPSE, eligible investors will now be able to trade the newly credited right shares in the secondary market. As of today, the bank’s market trading price stands at NPR 888 per share.
The listing of right shares is expected to strengthen the bank’s capital structure and improve its capacity to support future lending and business expansion plans.
Latest Business, Economy, Banking & Market News
Growing U.S. Investment Interest Draws Attention In Nepal
Increasing investment interest from the United States is drawing attention in Nepal as businesses and policymakers explore opportunities for capital inflows and economic partnerships.
🔗 https://financeinyourhand.com/growing-u-s-investment-interest-draws-attention-in-nepal/
Nepal Targets 5,335 MW Installed Electricity Capacity
Nepal aims to achieve 5,335 MW of installed electricity generation capacity during the next fiscal year to support rising energy demand and exports.
Commercial Banks Publish New Fixed Deposit Rates For Ashad
Commercial banks across Nepal have released updated fixed deposit interest rates for Ashad.
🔗 https://financeinyourhand.com/commercial-banks-publish-new-fixed-deposit-rates-for-ashad/
Kia Nepal Launches The New K3 Seltos
Official Website:
https://www.kia.com
Nepal Foreign Minister Begins Official China Visit
Nepal’s Foreign Minister started a four-day official visit to China.
Gold And Silver Prices Move Higher In Nepal
Gold and silver prices recorded gains in Nepal.
🔗 https://financeinyourhand.com/gold-and-silver-prices-edge-higher-in-nepal/
Scotland Ends 36-Year Wait In 2026 FIFA World Cup
Qualification action saw Scotland secure a narrow win.
Bhujung Hydropower Holds 4th AGM
The company elected a new board and approved future plans.
Securities Investigation Case Filed
Authorities filed a case involving 81 individuals.
Nepal Reinsurance Reports Quarterly Loss
Nepal Credit Investment Expands
Kumari Bank Launches Digital Loan Service
Official Website:
https://www.kumaribank.com
Hydropower Dominance Raises Questions
Nepal Bank Lending Reaches Rs. 58.89 Trillion
NEPSE Extends Decline Despite Higher Turnover
Finance Minister On Capital Spending
NEPSE Index Falls Slightly
🔗 https://financeinyourhand.com/nepse-index-falls-slightly-but-turnover-rises-on-friday/
SpaceX Raises $75 Billion
Official Website:
https://www.spacex.com
News:
https://financeinyourhand.com/spacex-raises-75-billion-ahead-of-landmark-stock-market-listing/
Rastriya Banijya Bank Introduces Online Collateral System
Official Website:
https://www.rbb.com.np
Wealth Orbit Center
Homepage:
https://wealthorbitcenter.com/
Global News:
https://wealthorbitcenter.com/category/global-news/
Nepal Stock News:
https://wealthorbitcenter.com/category/nepal-stock-news/
Crypto Screener:
https://wealthorbitcenter.com/live-crypto-currency-price-and-chart-screener/
Forex Screener:
https://wealthorbitcenter.com/forex-currency-scrrener-today/