Siddhartha Bank’s 1.58 lakh units upcoming auction allottees also eligible for 39% bonus; Book closure on Magh 20

Siddhartha Bank Limited (SBL) will be auctioning its unclaimed right shares from Magh 11 to Magh 17, 2073, and the bank has made it clear that the auction allottees are also eligible for the proposed bonus shares. Siddhartha Bank has set book closure for upcoming AGM and bonus shares for the FY 2072/73 on Magh 20, 2073. The bid opening day for the auction is set on Magh 18, and there is only one day between the bid opening day and the book closure day. As per the company secretary, the book closure for the AGM is for one day only (Magh 20, 2073), and the bank will have necessary arrangements made for the auction allottees to be eligible for the bonus shares. Siddhartha Bank has not published AGM notice yet, but the date of the AGM has been fixed for Falgun 5, 2073. Siddhartha Bank is selling 1,58,517.90 units ordinary shares from Magh 11-17, 2073 after the right shares issued on Kartik 11, 2073 were not fully subscribed by the shareholders. Siddhartha Capital Limited is the issue manager for this auction. The auction will last till Magh 17, 2073. The bid will open to conclude the auction on Magh 18, 2073 at 3:00 PM. The auction will open at the premises of Siddhartha Capital Limited, Anamnagar, Kathmandu.