JBL to float shares

KATHMANDU: Jyoti Bikash Bank (JBL) will be issuing its ordinary shares to the general people soon. Jyoti Bikash Bank chief executive officer Jhalak Prasad Khanal and Ace Development Bank chief executive Siddhant Raj Pandey signed the agreement declaring Ace the issue manager. Ace will act as issue manager for the public issue of 20,52,860-unit of ordinary shares of JBL at Rs 100 per unit face value.