KATHMANDU, May 4: Civil Bank Ltd has appointed Laxmi Capital Market Ltd as its issue manager for 30 percent rights issue.
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According to the bank, its acting CEO Govinda Gurung and CEO of Laxmi Capital Market Limited, Rajiv Sapkota, signed a Memorandum of Understanding, for the rights issue.
“After the issuance of the right shares and expected bonus shares from the Fiscal Year 2016/17, the paid-up capital of the bank will reach the desired level as directed by Nepal Rastra Bank,” the bank said in a statement.
