Wednesday, September 4, 2013

Mega shares listed on Nepse


Shares of Mega Bank Nepal have been listed on the Nepal Stock Exchange (Nepse). The agreement to list its shares worth Rs 2.33 billion at Rs 100 per share cost price and paid-up price was signed by Anil Keshary Shah, chief executive officer of Mega Bank and general manager of Nepse Sitaram Thapaliya. Out of the total shares of 23.3 million, the general public and employees were apportioned a total of 6.99 million shares while the remaining 16.31 million shares were allocated to the promoter shareholders of the bank. The bank had made its initial public offering through Nabil Invest, Citizen Investment Trust, NIBL Capital Markets and NMB Capital by floating 6.99 million shares worth Rs 699 million which was oversubscribed 22-fold. These shares have been allocated to a total of 145,675 shareholders.

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