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Citizens Bank to distribute 10:2.5 right shares

ctznCitizens Bank International Limited (CZBIL) is going to float right shares in the ratio 10:2.5 (25%) to its existing shareholders from Chaitra 24, 2073 to Baisakh 27, 2074.
Issuing a press statement, the bank said that around 80,000 shareholders who had shares until the book closure date (i.e. Falgun 25, 2073) are eligible to apply for the right shares. The bank is floating a total of 1,38,43,379 units shares after which its paid up capital will reach Rs 6 arba and 92 crore. CZBIL aims to increase its paid up capital to a minimum of Rs 8 arba by the end of this fiscal year, added the statement.

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