Sunrise Bank appoints Prabhu Capital as issue manager

Published On: January 13, 2017 09:20 PM NPT By: Republica  | @RepublicaNepal


Sunrise Bank appoints Prabhu Capital as issue manager

KATHMANDU, Jan 14: Sunrise Bank Ltd has appointed Prabhu Capital Ltd (PBL) as its sales and issue manger for an upcoming rights issue.

According to a press release issued by the bank, it is floating shares to its shareholders in a 30 percent rights issue. Sunrise Bank CEO Ratna Raj Bajracharya and PBL General Manager Shanker Prasad Kalikota signed a memorandum of understanding (MoU) on behalf of their respective institutions for the rights issue, the bank said.

The 9th annual general meeting (AGM) of Sunrise Bank passed a proposal to increase its authorized capital to Rs 10 billion, statement added.

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