Sahara Bikas Bank SGM today; to amend its right share from 1:2.5 to 1: 1.5 ratio

Sahara Bikas Bank Limited is holding its Special General Meeting (SGM) today (Poush 16, 2072). The Special General Meeting (SGM) is going to be held at the Sahara Bikas Bank head Office at 11:00 AM, The main agenda of the SGM are to endorse right shares to shareholders at the ratio of 1:1.5 instead of 1: 2.5 as endorsed by the 4^th AGM held on Chaitra 9, 2071. Another main agenda is conversion of 19% of the promoter shares into ordinary shares. The current structure of the bank is 70: 30 promoter-public shareholder ratio after the conversion promoter to public proportion of will stands at 51: 49.Also, to amend article of association as per directed by registrar officer or Nepal Rastra Bank.