Sanima Bank 50% right shares offer starts from today; ends on Shrawan 16

Sanima Bank Limited (SANIMA) has called on its existing shareholders to start applying for 2:1 (50%) right shares from today (Ashad 12, 2073). The rights issue will remain close on Shrawan 16, 2073. Only shareholders who have bought the shares and transferred them to their name before the book closure date on Jestha 24, 2073 would be eligible to apply for the right shares. 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 ratios. SANIMA had earned net profit of Rs 67.04 crore in the third quarter of the fiscal year 2072/73. Sanima Bank is in the process of acquiring Bagmati Development Bank Limited. Its last traded price stood (LTP) at Rs 687 as on June 23, 2016.