Sunrise bank issues right shares

Kathmandu January 3- Sunrise bank is issuing right shares in proportion to 10:1.5. the issue will commenced on Jan 25 and close on Feb 9. Priced per share at Rs. 100, bank is issuing 3 million 690 thousands 473 units of shares. Existing Rs. 2 billion 460 million 315 thousands paid up capital will increase to Rs. 2 billion 829 million 362 thousands 300 after the issuance of right shares.

Civil capital market Ltd has been appointed as a issue manager.  Thus, the application can be submitted to issue manager plus all the branches of Sunrise bank ltd. Bank has informed that due to the right share issuance, book close of the bank will take place from Jan 10.

8^th AGM of the bank has approved 21.5 bonus share and 1.13% cash dividend. Bank has collected Rs. 35 billion 530 million deposit and lended Rs. 29 billion 110 million in the current FY. Bank is serving public with 53 branches and 64 ATM throughout the nation.