Thursday , September 20 2018
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KBL appoints SCL as issue manager

Kumari Bank Ltd (KBL) has appointed Siddhartha Capital Ltd (SCL) as the issue manager for the bank’s 50 % rights issue.
Issuing a statement, the bank said that Rajib Giri, acting CEO of Kumari Bank and Dhruba Timilsina, CEO of Siddhartha Capital Ltd, signed the agreement on behalf of their respective companies.
According to the statement, total paid-up capital of the bank will reach Rs 4 billion after the rights issue.

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