Sunrise Bank to Issue 10:3 Right Shares

May 16: Sunrise Bank is issuing 10:3 right shares from May 30 to July 3. The bank is issuing 16,359,636 units of right shares with a face value of Rs 100 to its existing shareholders.

According to the bank, shareholders registered in the book by May 14 can apply for the right share.  The bank has appointed Prabhu Capital Ltd as its issue manager. The interested shareholders can apply for the right share through Pabhu Capital as well as all the branches of Sunrise Bank.

After the issuance of right shares, the paid-up capital of the bank will reach Rs 7.08 billion. The bank earned Rs 865.2 million net profit by the last mid-April.