20%, 30% & 100% right share of United Finance, Siddhartha Bank  & Lumbini Gereal Insurance respectively added in SEBON right share pipeline

United Finance Limited (UFL), Siddhartha Bank Limited (SBL) and Lumbini General Insurance Limited (LGIL) have been added in Securities Board of Nepal (SEBON) right share pipeline for approval to issue 5:1 (20%), 10:3 (30%) and 1:1 (100%) right share respectively. Nabil Investment Banking Limited, Laxmi Capital Markets Limited and CBIL Capital Limited have been assigned as the issue manager for these three upcoming right share issue. United Finance's 22^nd AGM conducted on Ashwin 21, 2073 had endorsed the agenda to issue 20% right shares. The finance company’s paid up capital stands at Rs 67.08 crore. After the issuance of right shares, the paid up capital will reach 80.49 crore. UFL will be issuing a total of 1,345,410.95 units right shares worth Rs 13.45 crore to its shareholders at the par value of Rs 100 Similarly, Siddhartha Bank's 15^th AGM held on Falgun 5, 2073 had approved 30 % right share  to its existing shareholders. The same meeting had also approved 39% bonus share to its shareholders. SBL will be issuing a total of 1,57,52,578.02 units right shares worth Rs 1.57 arba to its shareholders at the par value of Rs 100. After the issuance of right shares, its paid up capital will reach Rs 6.82 arba. As per NRB’s directive for all commercial banks to increase their paid up capital to a minimum of Rs 8 arba by the end of FY 2073/74, SBL will need to issue a further capital hike of around 17.30%. Likewise, Lumbini General Insurance's 12^th AGM held on Mangsir 30, 2073 had approved 100 % right share to its existing shareholders. The same meeting had also approved 18.18% bonus share to its shareholders. LGIL will be issuing a total of 3,900,000 units right shares worth Rs 39 crore to its shareholders at the par value of Rs 100. Its paid up cpital stands at Rs 39 crore and after the issuance of right shares, its paid up capital will reach Rs 78 crore. As per Insurance Board's directive for all non-life insurance companies to increase their paid up capital to a minimum of Rs 1 arba by the end of FY 2074/75, LGIL should further hike its capital by 28.20%.