Sebon approves IPO

KATHMANDU: Securities Board of Nepal (Sebon) has approved the issue of 30,00,000-unit IPO of Bank of Asia Nepal (BoAN) at the face value of Rs 100 per unit. NMB Bank is the issue and sales manager for the IPO, states a Sebon press release. — HNS

CNI meets minister

KATHMANDU: A Confederation of Nepalese Industries (CNI) team led by vice-president Narendra Kumar Basnyat met Industry Minister Astalaxmi Shakya on Wednesday and apprised

her of problems that industries are facing. They complained of increasing load-shedding and bad labour relations hampering industrial output. — HNS

GBL’s ninth branch

KATHMANDU: Global Bank Ltd (GBL) inaugurated a ninth branch office at Gyaneshwor on Wednesday. Along with its branch offices at Birgunj, Kantipath, New road, Bouddha, Pokhara, Baglung, Lahan, Biratnagar, the bank is also planning to open at four more places. — HNS

Help for journo

KATHMANDU: Rajendra Aryal, managing director of Trikon Advertising Service, handed a cheque for Rs 11,100 as aid for medical expenses to Gajendra Budhathoki, an economic journalist who is suffering disability after serious injuries incurred during a motorcycle accident. — HNS

MBL bonus shares

KATHMANDU: Machhapuchchhre Bank Ltd (MBL) in its 10th AGM on Wednesday decided to distribute 12.5 per cent of bonus shares that will increase its paid up capital to Rs 1.47 billion, according to a press note. — HNS