Citizens Bank to float 4.63 lakh FPO shares; Knocks SEBON's door for approval

Citizens Bank International has decided to go for a public issue again, and approached sebon for the permission.

The Commercial bank has decided to float 4,63,826 unit shares at a premium value so as to dilute the promoters holding. Citizens bank had applied in the securities board, for the stated purpose, on 27th of Chaitra. The company has already appointed Global IME Capital as the issue manager for the proposed issue. 

Citizens Bank International is now the second commercial bank waiting for the fpo approval, after NMB Bank.