Right Shares of Siddhartha Approved

July 3: Siddhartha Bank Ltd is preparing to distribute 30 percent right shares, and to issue further 10 percent shares in the capital raised from it.

A special general meeting of the bank held on July 2 approved the proposal. After issuance of both the shares, its paid up capital will be Rs 7.50 billion.

Currently, the bank is providing it financial services through 70 branches, two extension counters, 90 ATM outlets and 70 branchless banking services.