Siddhartha Dev. Bank floating 10:6 (60%) right shares from today; offer ends Jestha 10

- ShareSansar, April 20, 2017  on Dividend, Right & Bonus , Featured , Stock Market

Siddhartha Development Bank Limited (SDBL) is issuing 10:6 (60%) right shares to its existing shareholders from today (Baisakh 7, 2074). The rights issue will close on Jestha 10, 2074.

SDBL is issuing a total of 85,15,005.6 unit right shares at the face value of Rs 100.

The book closure date for 60% right issue has been set for Falgun 19, 2073. Only the shares registered one trading day ahead of the book closure date i.e. until Falgun 18, 2073 are eligible to apply for the right shares.

Nabil Investment Banking Limited has been assigned as the issue manager for right share issue.

After the adjustment of the rights shares, the bank’s total paid-up capital will reach Rs 2.27 arba from the existing Rs 1.41 arba. The bank has authorized capital of Rs 3 arba.

Interested shareholders can collect the application forms from Nabil Investment Banking Ltd., Central Plaza, Naxal, Kathmandu, and all branch offices of Siddhartha Development Bank.

SDBL has earned net profit of Rs 18.68 crore in the second quarter of the FY 2073/74. It is undergoing acquisition by Janata Bank Nepal Limited.