Siddhartha Bank appoints Laxmi Capital as issue manager for 30% right share
Mon, Apr 10, 2017 11:33 AM on Latest, Dividend, Bonus & Rights, Featured, Stock Market,
Siddhartha Bank Limited (SBL) has appointed Laxmi Capital Market Limited as the issue manager for its upcoming 10:3 right shares. Mr. Rajiv Sapkota, CEO of Laxmi Capital and Mr. Bholanath Dhungana, Company Secretary at Siddhartha Bank signed the rights agreement.
SBL will be issuing a total of 1,57,52,578.02 units right shares worth Rs 1.57 arba to its shareholders at the par value of Rs 100. After the issuance of right shares, its paid up capital will reach Rs 6.82 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, SBL will need to issue a further capital hike of around 17.30%.
SBL will be issuing a total of 1,57,52,578.02 units right shares worth Rs 1.57 arba to its shareholders at the par value of Rs 100. After the issuance of right shares, its paid up capital will reach Rs 6.82 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, SBL will need to issue a further capital hike of around 17.30%.
