Clinch of NMB bank's FPO price at Rs 333; To issue 1.14 crore units

NMB Bank Ltd has informed Nepal Stock Exchange about the issuance of   1,14,15,163 units share as Further Public Offering(FPO). The company has added a premium of Rs 233 at its par price setting the FPO price at Rs 333.

The bank will collect a premium of 2.65 arba from this FPO hiking its reserve to 8.29 arba. The paid-up capital will reach to 7.60 arba  after this issue.

The company will issue FPO after being approved by the SEBON.

The last traded price was Rs 444.