Reminder; Last day to clinch 50% right share of Sanima Bank; LTP stood Rs 900; huge transaction expected

Today is the last day to get hold of 2:1 (50%) right share of Sanima Bank Limited (SANIMA). The book closure date for 50% right issues has been set for Jestha 25, 2073. Only the shares registered one day ahead of the book closure date i.e. today is eligible for the right shares. Sanima Bank will be floating 2:1 (50%) right shares at the face value of Rs 100 to its existing shareholders from Ashad 12, 2073. The issue will close on Shrawan 16, 2073. Sanima Bank had earned a net profit of Rs.  67.04 crore in the third quarter of the current fiscal year. 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 ratios. Nabil Investment Banking Limited Limited has been assigned as the issue manager for the right issue. Its last traded price stood at Rs 900 as on June 5, 2016. Click Here to read, Sanima Bank & Citizens Bank to come up with 50% & 55% right share respectively; Know in which to pour your money?