Book Closure for 30% right share of Sanima Bank on Chaitra 18

Sanima Bank Limited (SANIMA) has announced book closure date for its upcoming 10:3 (30%) right share issue. As per the notice published by the commercial bank today, the book closure date has been set for Chaitra 18, 2073. Only those shareholders holding shares one trading day ahead of the book closure date i.e. until Chaitra 17, 2073 are eligible to apply for the right shares. SANIMA will be floating a total of 1,59,17,617 units right shares to its shareholders at a face value of Rs 100 per share. CBIL Capital Limited has been assigned as the issue manager. SANIMA has earned net profit of Rs 62.25 crore in the second quarter of the fiscal year 2073/74. Its paid up capital currently stands at Rs 5.30 arba. After the issuance of 30% right shares, its paid up capital will reach Rs 6.90 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, SANIMA will need to issue a further capital hike of around 16%.