Siddhartha Bank to offer bonus shares worth Rs 2.12 arba

In order to increase the paid up capital of the Bank so as to meet the NRB requirement of raising paid up capital to NPR 8 billion by FY 2073/74, the Bank will mainly relay on the following options to increase the capital requirements besides these option the Bank is also open to divest in the event of the availability of credible partner from international financial institution: A) Capitalization of the profit B) Acquisition/ Merger of other BFIs C) Issuance of Right Share Considering the strength of the promoters of the Bank, it has been assumed that the Bank will merge only as an acquiring company, than being acquired by some other company. The Bank plans to meet the capital requirement by maintaining its identity. Siddhartha Bank shall be adopting the following measures to fulfill the paid up capital requirement stated by Nepal Rastra Bank.