Sindhu Bikash Bank to Sell 1:1.16 Right Share
March 17, 2025 | Investopaper
Sindhu Bikash Bank Limited (SINDU) is planning to sell right shares to the shareholders. The company has decided to float the right shares in the ratio 1:1.16 This means that the shareholders with 100 shares can apply for the additional 116 shares.
The company’s agenda of issuing right shares has been approved by its 15th Annual General Meeting held on Chaitra 08, 2081 BS.
Now, the development bank will begin the procedures for the right offering after the approval from the annual general meeting.
As of Falgun’s end 2081 BS, Sindhu Bikash Bank has a paid up capital of Rs. 55.74 crores. Hence, the company has plans to sell right shares worth Rs. 64.66 crores. After the right issue, the paid-up capital will reach Rs. 120.40 crores.
