The bank has sought approval from Nepal Rastra Bank to issue 2:1 right shares.
The board of directors meeting of the bank held on January 4 decided to issue the right shares to its existing shareholders.
The bank has current paid-up capital of Rs 14.91 billion. Accordingly, it will issue 74,587,835 units of shares worth Rs 7.45 billion.
The bank will issue the right shares after it obtains approval from NRB and its upcoming AGM.
