Sanima Bank issuing 1.59 crore units (30%) right shares from today; offer ends Jestha 21

Sanima Bank Limited (SANIMA) is issuing 1,59,17,617 units right shares to its shareholders in the ratio 10:3 from today (Baisakh 17, 2074). The rights issue will remain open for 35 days before closing on Jestha 21, 2074. The book closure date for the 30% right issue was set for Chaitra 18, 2073. Only those shareholders holding shares traded one trading day ahead of the book closure date i.e. until Chaitra 17, 2073 are eligible to apply for the right shares. CBIL Capital Limited is the issue manager for the right issue. Interested applicants can collect application forms from CBIL Capital Limited, Dillibazar, Sanima Capital Limited, Naxal, Kathmandu and designated branches of Sanima Bank Limited. SANIMA has earned net profit of Rs 94.69 crore in the third quarter of the fiscal year 2073/74. Its paid up capital currently stands at Rs 5.30 arba. After the issuance of 30% right shares, its paid up capital will reach Rs 6.90 arba. As per NRB’s directive for all commercial banks to increase their paid up capital to a minimum of Rs 8 arba by the end of FY 2073/74, SANIMA will need to issue a further capital hike of around 16%. Its last traded price stood at Rs 477 as of last transaction day (Baisakh14, 2074).