Last day to apply for 30% (1.63 crore units) right share of Sunrise Bank

Sunrise Bank Limited (SRBL) has been issuing 1,63,59,636 units right shares to its shareholders from Jestha 16, 2074 and today (Asadh 19, 2074) is the last day to apply for the same. The book closure date for the 30% right issue was set for Baisakh 30, 2074. Only those shareholders holding shares traded one trading day ahead of the book closure date i.e. until Baisakh 28, 2074 are eligible to apply for the right shares. Prabhu Capital Limited is the issue manager for the right issue. Applicants can check their entitled right share eligibility at Prabhu Capital's website. Interested applicants can collect application forms from Prabhu Capital Limited, Kamaladi, Kathmandu and from all branches of Sunrise Bank Limited. After the adjustment of the rights shares, the bank’s total paid-up capital will reach Rs 7.08 arba from the existing Rs 5.45 arba. The bank has authorized capital of 10 arba. SRBL has earned net profit of Rs 85.79 crore in the third quarter of the FY 2073/74. As per NRB’s requirement for all commercial banks to increase their paid up capital to a minimum of Rs 8 arba by the end of FY 2073/74, SRBL will need to increase its capital by a further 12.85%.