Sebon approves to issue 25% Right Share of Siddhartha Bank

Securities Board of Nepal (SEBON) has given final approval to issue 4:1 (25%) right shares of Siddhartha Bank Limited (SBL). Laxmi Capital Markets Limited has been assigned as the issue manager for right share issue. Siddhartha Bank SGM held on Baisakh 12, 2073 had approved 25% right share i.e. 7,555,193 units to its existing shareholders. SBL has earned net profit of Rs 1.26 arba in the fourth quarter of the current fiscal year 2072/73 as per unaudited report. It’s paid up capital remains at Rs 3.02 arba. After issuance of 25 percent right share, the paid up capital will reach to Rs 3.77 arba. Its last traded price stood at Rs 1,361 as on September 18, 2016.