Siddhartha Bank 4:1 (25%) Right Shares Book closure on Ashwin 17; only 5 trading days left

Siddhartha Bank Limited (SBL)’s Special General Meeting (SGM) held on Baisakh 12, 2073 had endorsed 4:1(25 %) right share to its existing shareholders and the commercial bank has announced book closure date for the same. As per the notice published in Nepal Stock Exchange (NEPSE) , the book closure date for 25% right issue has been set for Ashwin 17, 2073  for one day. Only the shares registered one trading day ahead of the book closure date i.e. Ashwin 16, 2073 will be eligible for the right shares. Laxmi Capital Market Limited has been assigned as the issue manager for right share issue. SBL had earned net profit of Rs. 1.2 arba in the fourth quarter of the last fiscal year 2072/73. The paid up capital of the development bank stands at Rs 3.02 arba. After the issuance of 25 percent right share, the paid up capital will reach to Rs 3.77 arba.