KATHMANDU, Aug 31: Machhapuchchhre Bank Ltd (MBL) is issuing Rs 1.93 billion worth of right shares to its shareholders. Issuing a statement on Wednesday, the commercial bank said that it has appointed Civil Capital Market Ltd as its issue manager for the rights issue.
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MBL CEO Tulasi Ram Gautam and Parag Bista, CEO of Civil Capital, signed the agreement for issue management amid a ceremony held on Monday. According to the statement, the paid-up capital of the bank will reach Rs 5.79 billion after the adjustment of rights shares.
