Wednesday, October 21, 2009

Agriculture Development Bank to Float Primary Share

Agriculture Development Bank Ltd (ADBL) is floating the largest-ever primary issue in the history of Nepal's capital market by the end November half. The bank has appointed Ace Development Bank as its issue manager for its mega initial public offering (IPO). ADBL and Ace had entered into an agreement on April 21 to issue 96,00,000-unit shares worth Rs 960 million.

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