SEBON Approved to issue Right Share of ADBL & SBL

Security Board of Nepal (SEBON) has approved right share issue of Agriculture Development Bank (ADBL) and Siddhartha Bank Limited (SBL) on 18^th September, 2073. SEBON has given final approval to issue 2:1 (50%) i.e 7555193 units right shares of ADBL & 4:1 (25%) i.e 19688000 units right shares of Siddhartha Bank Limited.

Like wise Ace Capital Limited has been assigned as the issue manager for right share issue of ADBL and laxmi Capital Markets has been assigned as the issue manager for right share issue of SBL.

After issuance of 25% right share, paid up capital of SBL will reach to Rs. 3.77 arab where as after issuance of 50% right share, paid up capital of ADBL will reach to Rs. 5.89 arab.

ADBL has also set the book closure date for 50% right issue on Ashwin 10, 2073 for one day.