Innovative Development bank issues right share in proportion to 3:2

Kathmandu January 3- Innovative development bank has announced 3:2 right shares for its existing shareholders. The issue shall opened in Jan 22 and close in Feb 25. Priced at Rs. 100 per share, bank is issuing 1million right shares. Paid up capital of the bank which is Rs. 150 million right now will increase up to Rs. 250 million.

Bank has assigned NMB capital as its issue manager. Interested shareholders can apply for the right shares from the issue manager as well as all the branches of bank. Bank is closing its book from Jan 10 for that purpose.

Innovative development bank has got 4 grade from ICRA Nepal.