The Securities Board of Nepal (SEBON) has granted approval to Narayani Development Bank Limited’s (NABBC) rights offering proposal on Poush 19, 2080. The bank is set to issue 100% right shares with a total value of Rs. 26.24 Crores, distributing 26,24,676 units (1:1) of right shares among its existing shareholders. Currently holding a paid-up capital of Rs. 26.24 crore, the company’s capital will witness an increment to Rs. 52.4 Crores after the adjustment for the proposed right shares. The responsibility of managing the issue has been entrusted to Global IME Capital Limited, with the application initially submitted to the board on Bhadra 9, 2079. As of the latest update, NABBC’s closing stock price stands at Rs. 396.10.
Tag: Narayani
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Why is the price of Narayani development bank(NABBC) so high.
NABBC with book value of 52.10 is trading at price to book value ratio of 6.81 and it has been in loss ever since while other development bank with good eps are trading at 2-3 times book value. What is the reason for this?
View on r/NepalStock by ShoddyStreet677
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“Narayani Development Bank Q4 Loss: Rs. 2.91 Cr, Net Worth/Share: Rs. 36”
Narayani Development Bank Limited (NABBC) has released its fourth-quarter report for the financial year 2079-80, showing a net loss of Rs. 2.91 crores. This marks an improvement compared to the same quarter in the previous financial year (2078-79), where the company had a higher net loss of Rs. 5.42 crores. Notably, the impairment charges have decreased and totaled Rs. 49.83 lakhs up to Q4 of the recently concluded financial year.