Last day to apply 50% Right Share of Sanima Bank; offer closes today

Existing shareholders have one more day to file for the 2:1 (50%) ratio right shares of Sanima Bank Limited (SANIMA). The bank has been issuing right shares from Ashad 12, 2073 and today is the closing day for the same. Sanima Bank is issuing a total 1, 53, 01, 440 unit right shares at the face value of Rs 100. Nabil Investment Banking Limited has been assigned as the issue manager for the right issue. Interested shareholders can collect the application forms from Nabil Investment Banking Limited, Central Plaza, Narayanchaur, Naksal , Kathmandu and from central and all branch offices of Sanima Bank Limited. After the adjustment of the rights shares, the bank’s total paid-up capital will reach to Rs 4.59 arba from the existing Rs 3.06 arba. The bank has authorized capital of Rs 5 arba. Its public-promoter share structure stands at 51:49 ratio. SANIMA had earned net profit of Rs 1.04 arba in the fourth quarter of the fiscal year 2072/73. Its last traded price stood (LTP) at Rs 810 as on June 28, 2016.