SEBON Approves Right Issue of Everest Bank

May 3: Securities Board of Nepal (SEBON) has approved right issue of Everest bank. The bank will now issue 3:1 right shares to its existing shareholders. The bank is set to issue 15,088, 087 units of right shares with the face value of Rs 100. NIBL Capital market will be managing the right issue of the bank. By the third quarter of the current FY, the bank has earned Rs 1.52 billion net profit. The bank has paid-up capital of Rs 4.60 billion.