Narayani Development Bank is giving its shareholders a chance to double their investment. Starting from Asoj 2, the bank will open applications for a 100% rights share issue. This means existing shareholders can buy the same number of shares they already own at the face value of NPR 100 per share.
Who can apply
Only investors who owned the bank’s shares until Bhadra 8 are eligible. The bank had closed its books on Bhadra 9, so anyone buying shares after that date will not qualify for this offer.
Offer size and deadline
The bank is issuing 2,624,676 rights shares worth NPR 70 crore in total. Applications will close on Asoj 22.
How to apply
Interested shareholders can apply through Global IME Capital, the official sales manager, or its Bhumahi branch in Nawalparasi. Applications are also accepted at Narayani Development Bank’s central office and branches in Yagyapuri, Tandi, Chitwan Parsa, and Narayangadh.
Alternatively, investors can apply from any C-ASBA-approved bank or financial institution, or simply use the Mero Share online platform.
Credit rating
ICRA Nepal has given the bank a “C Plus” issuer rating for this rights issue. This rating suggests the bank faces higher risk in meeting its financial obligations on time.
For eligible shareholders, this is a direct opportunity to increase holdings without paying more than the face value. However, the rating shows investors should also consider the bank’s financial risks before applying.
