Sana Kisan Development Bank to issue 2:1 right share

Kathmandu November 18- Sana Kisan Development Bank is issuing 2 unit shares proportionate to 1 share i.e. 2:1 right share to its shareholders.

Issuance of right share will starts on 11 December to January 14. Total of 1 million 153 thousands 422 units of right shares will be issued at Rs. 100 per share. After the issuance of right shares, the paid up capital of the bank will increased to Rs. 366 million 23 thousand 500.

Nabil investment banking ltd is the issue and sales manager for the bank. Interest shareholders can apply through the respective share registar and various branches of Sana Kishan Development Bank.

ICRA Nepal has given grade 4 for the bank's right share.