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