Sewa Bikas Bank announces 1:1.2 right share; Paid up capital to reach 79.33 crore

Sewa Bikas Bank Limited (SEWA) has decided to distribute 1:1.2 (120%) right share to its existing shareholders. The 233rd BOD meeting of the company held on Baisakh 12, 2073 has proposed 1:1.2 right share to its shareholders. The decision is subject to approval from bank’s upcoming Special General Meeting (SGM). Earlier in the fiscal year 2070/71, Sewa Bikas Bank had distributed 5:1 right share to their shareholders Sewa Bikas Bank has earned a net profit of Rs 4.08 crore in the second quarter of the current fiscal year. It’s paid up capital remains at Rs. 36.06 crore. After distribution of 1:1.2 right shares it’s paid up capital will reach Rs 79.33 crore