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Siddhartha Bank to issue more rights shares

Nepal's Siddhartha Bank Ltd. plans to conduct another rights issue following completion of its 10:3 rights issue.

As part of the new issue, a person holding 10 shares of the bank will have the right to buy 1 new share, the bank said June 9.

Earlier on June 8, the bank issued 15,752,578.13 shares under its 10:3 rights issue, ShareSansar reported the same day.