Nepal Today

Thursday, May 3, 2012


SHARES FOR JANATA BANK OVERSUBSCRIBED IN FOUR DAYS;; BOOKINGS TO BE CLOSED FROM FRIDAY Kathmandu, 4 May: Shares for Janata Bank have been oversubscribed and bookings will be closed from Friday. The bank went public to collect Rs 600 million through sale of shares worth for Rs.100 per share. Applications for shares worth Rs 70.million were received until Thursday, share managers said. Sales were open for 15 days through 130 outlets ation-wide. Shares were oversubscribed in four days when public response to public share offierings were low with falling share prices which rallied with indications of a breakthrough in a political stalemate with likely promulgation of a constitution by 27 May. Nnnn . NEPAL PLAYS KUWAIT IN MALAYSIA IN ACC U-16 Kathmandu, 4 May: Nepal plays Kuwait in its first outing in the ACC U-16 Elite Cup being hosted by Malaysia in Kuala Lumpur Friday. Nepal is in Group B with Hosts, Kuwait, Iran and Bharain. Nepal lost to Singapore in the first edition of the tournament. nnnn

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