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Wednesday, June 18, 2008

NSM about to distribute right share

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Nepal Share Market & Finance Ltd. is going to issue 1:3.63 right share in the near future. In order to upgrade itself as an 'A' grade commercial bank, NSM is about to issue the shares amounting to Rs. 1,532,000,000. Citizen Investment Trust is appointed as the issue manager by the company. At present NSM has Rs. 43 million paid up capital and to increase it to 2 billion, the company is issuing the right share.

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