Manaslu Bikas Bank to issue 25% rights shares

Manaslu Bikas Bank Limited has decided to issue 25 percent rights shares to its shareholders to soar up its paid-up capital soon.

The third Annual General Meeting of the development bank held in Gorkha on Friday took the decision to this effect so as to raise its capital from the existing Rs 15 crore to Rs 30 crore.

The AGM also elected Prof Dr Chandra Bahadur Thapa and Dr Krishna Prasad Devkota to the Board of Directors of the development bank.

With this the total number of BoD members has risen to six.-SSN