Siddhartha Bank issuing 10% (68.23 lakh units) right share from 2nd Falgun; Book closing on Magh 22

Siddhartha Bank Limited (SBL) is issuing 10% right shares to its shareholders from Falgun 2, 2074.The book closure date for the rights issue has been set for Magh 22, 2074. So, those shares registered one trading day ahead i.e 21^th Magh, 2074 are eligible to apply for the right shares. The bank is issuing 68,23,117 units of right shares worth Rs 68.23 crore. Laxmi Capital Market Limited has been appointed as the issue manager. Interested applicants can collect application forms from Siddhartha Bank and its branches, Laxmi Capital, Siddhartha Capital and all other institutions providing ASBA services. Currently, the paid up capital of SBL is Rs 6.62 arba and after the issue of right share the paid up capital will be Rs 7.50 arba. The bank has already announced 14% bonus worth Rs 95.56 crore. After that, the paid up capital of the bank will be over 8.45 arba. The bank has reported a net profit of Rs 77.28 crore in Q2 report. Its EPS was Rs 22.64 and Networth was Rs 163.51. Offer Letter