Nepal bank announces book close for its 58th AGM to sanction FPO.

Nepal Bank Ltd. has announced the book closure date for its 58th AGM. The shareholders' book will remain closed from 9^th Falgun to 25^th Falgun. The main agenda in the AGM will be about the approval of FPO. FPO worth Rs 1.76 arba will be floated in the market which will decrease government holding to 51%.

Nepal Bank is the first bank operating in Nepal. The bank had earned a net profit of Rs 1.63 arba as of 2^nd quarter 2074/75.

NBL has networth of Rs 162.76. The bank has a high NPL of 3.23%. The bank currently has a paid-up capital of Rs. 8.04 arba. After FPO issue, the bank capital will surge to 9.81 arba. 

The bank was last traded at Rs 354.