Last day to clinch 10% right shares of Siddhartha Bank; LTP at Rs 370

Today is the last day to clinch 10% right shares of Siddhartha Bank Limited (SBL). The bank’s SGM held on Asar 18, 2074 has set the book closure date on Magh 22, 2074. Thus, only those shareholders holding shares till today (Magh 21, 2074) i.e one day ahead of the book closure date are eligible for the proposed 10% right shares. SEBON had given final approval on Poush 4, 2074 to issue 10% right shares. Laxmi Capital Market Limited has been assigned as issue manager. Its paid up capital will reach to Rs 8.47 arba after adjustment of 10% right shares and 14% bonus shares from the net profit of FY 2073/74. The bank will be floating 10% right shares (68.26 lakh unit shares at Rs 100 per share of worth Rs 68.26 crore) from Falgun 2 to Chaitra 6, 2074. It had earned Rs 79.73 crore in the second quarter of the FY 2074/75. Its LTP stood at Rs 370 as of last trading day.