NIC Asia Bank has announced plans to issue right shares equivalent to 50 percent of its existing paid-up capital at a ratio of 2:1. The decision was made at a board meeting held on Poush 20, and the bank has sought approval from Nepal Rastra Bank. With its current paid-up capital standing at Rs 14.91 billion, the bank plans to issue 74,587,835 right shares worth Rs 7.45 billion. The issuance will proceed after regulatory approval and endorsement from the bank’s upcoming annual general meeting.
