Siddhartha Bank issuing 25% (75.55 lakh units) right share from today

Siddhartha Bank Limited (SBL) is issuing 4:1 (25%) right shares to its existing shareholders from today (Kartik 11, 2073). The right issue will close on Mangsir 15, 2073. Siddhartha Bank is issuing a total of 75, 55,193 unit right shares at the face value of Rs 100. The book closure date for 100% right issue was set for Ashwin 17, 2073. Only the shares registered one day ahead of the book closure date i.e. Ashwin 16, 2073 are eligible for the right shares. Laxmi Capital Market Limited has been assigned as the issue manager for the right issue. Interested shareholders can collect the application forms from Laxmi Capital Market Limited, Baneswor, Kathmandu, all branch offices of Siddhartha Bank Limited and Siddhartha Capital Limited located at Anamnagar, Kathmandu. After the adjustment of the rights shares, the bank total paid-up capital will reach to Rs 3.77 arba from existing Rs 3.02 arba. The bank has authorized capital of Rs 10.50 crore. Its public-promoter share structure stands at 51:49 ratio. SBL had earned net profit of Rs 1.2 arba in the fourth quarter of the last fiscal year 2072/73.