. SiddharthTAG_CLOSE_span_5 a Bank’s preferential shares will be traded in the secondary market from Thursday.The Securities Board of NepalTAG_CLOSE_span_4(SEBON) has granted permission to the bank to issue preferential shares worth Rs 3.50 billion.
The bank then allotted 35 million units of “SBL 8.25% Unissued Unissued Preferred Shares” of face value of Rs 100 to the institutional investors, which has been listed on the TAG_OPEN_span_3 Nepal Stock Exchange } today.TAG_OPEN_p_7 Generally, the shares of any company will be traded from the second day of listing.
This preference share will be traded only among institutional investors. The general investors, securities entrepreneurs and mutual investment funds are not allowed to participate in the buying and selling of the company. According to the bank, the institutional investors will get 8.25 percent dividend in the year in which the bank is profitable.
