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Mega Bank Nepal Ltd. has allotted primary shares to 144,456 people.
At a news conference organised by the Bank here on Sunday, it was informed that the Bank had floated 6.99 million units of shares equivalent to Rs. 699 million, the same was oversubscribed by over Rs. 14 billion, which was 22 times higher.
On the occasion, Chief Executive Officer of the Bank, Anil Keshary Shah, said a larger number of applications filed against the 6.99 million units of shares has clarified that there was no lack of capital, but lack of environment of trust in Nepal.
Similarly, Chairman of the Bank, Prof. Dr. Madan Kumar Dahal said that having 144,456 investors now in the Bank initially established by 1,219 promoters is the public trust on the Bank.
The Bank has been providing banking services through 28 branches across the nation as well as 45 hi-tech branchless banking outlets. The bank was established three years ago.
src THT
Mega Bank Nepal Ltd. has allotted primary shares to 144,456 people.
At a news conference organised by the Bank here on Sunday, it was informed that the Bank had floated 6.99 million units of shares equivalent to Rs. 699 million, the same was oversubscribed by over Rs. 14 billion, which was 22 times higher.
On the occasion, Chief Executive Officer of the Bank, Anil Keshary Shah, said a larger number of applications filed against the 6.99 million units of shares has clarified that there was no lack of capital, but lack of environment of trust in Nepal.
Similarly, Chairman of the Bank, Prof. Dr. Madan Kumar Dahal said that having 144,456 investors now in the Bank initially established by 1,219 promoters is the public trust on the Bank.
The Bank has been providing banking services through 28 branches across the nation as well as 45 hi-tech branchless banking outlets. The bank was established three years ago.
src THT
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