May 3: Bank of Kathmandu (BOK) has appointed Nabil Investment Banking as its issue manager. The both institutions sign a memorandum of understanding regarding the matter on May 2. Ajay Shrestha, CEO of BOK and Prabin Raman Parajuli, CEO of Nabil Investment signed the agreement, said the bank in a press statement.
The bank, in a bid to restructure the share holding ratio of promoter and general shareholders to 51:49, is issuing further public offering to the promoter shareholders. On this regard, the bank is floating 6,208,132 units FPO to promoter shareholders. After the appointment, Nabil Investment will be managing the issue.
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