Right Shares of NIC Asia Bank & Chandragiri Hills Limited Added in SEBON Pipeline

The Securities Exchange Board of Nepal (SEBON) has added the right shares of NIC Asia Bank Limited to its pipeline under preliminary review. The application was submitted to the board on Ashad 24, 2083. The insurance company is looking to issue 50% i.e (2:1) rights shares worth Rs. 7.45 arba through the issue of 74,587,835 (2:1) units of rights shares to its existing shareholders. The current paid-up capital of the company is Rs. 1.57 Arba.  NIMB Ace Capital Limited is appointed as the issue manager.   The Securities Exchange Board of Nepal (SEBON) has added the right shares of Chandragiri Hills Limited to its pipeline under preliminary review. The application was submitted to the board on Shrawan 06, 2083. The insurance company is looking to issue 100% i.e (1:1) rights shares worth Rs. 1.61 arba through the issue of 16,107,955 (1:1) units of rights shares to its existing shareholders. The current paid-up capital of the company is Rs. 1.61 Arba. After the adjustment of the proposed right share, the paid-up capital of the company will increase to Rs. 3.22 Arba. Global IME Capital Limited is appointed as the issue manager.