NIC Asia Bank Obtains SEBON Approval for 2:1 Rights Share Issuance
5th November 2026, Kathmandu
NIC Asia Bank Limited has received official endorsement from the Securities Board of Nepal (SEBON) to publish the offer document and details for its upcoming rights share issuance.
NIC Asia SEBON Approval Received
SEBON granted formal regulatory approval on Kartik 18, 2083 (November 4, 2026), clearing the path for the bank to proceed with the capital expansion plan.
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Key Details of the Rights Share Issue
The rights issuance will substantially expand the bank’s paid-up ordinary share capital, offering existing shareholders preemptive rights to acquire additional units.
- Approval Authority: Securities Board of Nepal (SEBON).
- Approval Date: Kartik 18, 2083 (November 4, 2026).
- Total Rights Shares Offered: 74,587,835 units.
- Par Value per Share: NPR 100 per share.
- Issue Ratio: 2:1 (2 rights shares for every 1 existing ordinary share held).
- Total Issue Size: NPR 7,45,87,83,500 (NPR 7.45+ Billion).
Shareholder Entitlement and Entitlement Mechanics
The right offering directly links eligibility and purchase allowances to the existing equity base held by shareholders.
- Subscription Ratio: Existing eligible shareholders will be entitled to apply for 2 new rights shares for every 1 ordinary share currently registered under their ownership.
- Allotment Terms: Subscription and allotment procedures will remain subject to the formal terms, conditions, and record date guidelines specified in the published issue prospectus.
For More: NIC Asia SEBON Approval Received
