Last day to apply 25% (75.55 lakh units) right share of Siddhartha Bank; Offer ends today

Existing shareholders have one more day to file for the 4:1 (25%) ratio right shares of Siddhartha Bank Limited (SBL) .The commercial bank has been issuing right shares from Kartik 11, 2073 and today is the closing day for the same. Siddhartha Bank has been issuing a total of 75, 55,193 unit right shares at the face value of Rs 100. The book closure date for 100% right issue was set for Ashwin 17, 2073. Only the shares registered one day ahead of the book closure date i.e. Ashwin 16, 2073 were eligible for the right shares. Laxmi Capital Market Limited has been assigned as the issue manager for the right issue. Interested shareholders can collect the application forms from Laxmi Capital Market Limited, Baneswor, Kathmandu, all branch offices of Siddhartha Bank Limited and Siddhartha Capital Limited located at Anamnagar, Kathmandu. After the adjustment of the rights shares, the bank total paid-up capital will reach to Rs 3.77 arba from existing Rs 3.02 arba. The bank has authorized capital of Rs 10.50 crore. Its public-promoter share structure stands at 51:49 ratio. Its last traded price (LTP) stood at Rs 984 as on November 29, 2016. SBL had earned net profit of Rs. 36.98 crore in the first quarter of the current fiscal year 2073/74.