Yeti Devt Bank to Issue 50 % Right Shares

September 7: The 14th annual general meeting of Yeti Development Bank has endorsed the proposal of issuing 50 percent (2:1) right shares to its existing shareholders. The bank is issuing 6,931,166 units of right shares with the price of Rs 100. 

The bank has appointed NCM Merchant and Banking as its Issue Manager for the issuance. The paid-up capital of the bank will reach Rs 2.07 billion after the issuance of the right shares.