May 3: Nepal SBI Bank is issuing 10:4 right shares. The bank is set to issue the right shares from May 21 to June 25. The bank will be issuing 19,919,423.6 units of right shares with a face value of Rs 100 to its existing shareholders.

The shareholders registered in the bank’s share-book by May 9 will be eligible to apply for the right shares. The bank has appointed NMB Capital Ltd as its issue manager. The interested shareholders can apply for the right shares from all the branches of Nepal SBI Bank. Moreover, shareholders can submit their right share application in Nepal SBI Merchant Banking, Hattisar, Kathmandu and NMB Capital Ltd, Naag Pokhari, Kathmandu.

Presently, the bank has paid-up capital of Rs 4.97 billion. After the issuance of the right share, the paid-up capital will reach Rs 6.97 billion.