Siddhartha Bank allots 10% right shares; Remaining 2.14 lakh unit to be auctioned soon

Siddhartha Bank Limited (SBL) has published a notice regarding the allotment of its 10% right shares to its shareholders on Baisakh 06, 2075.

The bank had floated 68,26,117.19 unit right shares to its shareholders from Falgun 02 till Chaitra 06. The applicants have received total 66,11,517 unit shares.

The remaining 2,14,600.19 unit right shares will be sold via auction in the near future.

Laxmi Capital Market Limited has been appointed as the issue manager for the right issuance.

Its paid up capital will reach to Rs 8.47 arba after adjustment of 10% right shares and 14% bonus shares from the net profit of FY 2073/74.