Silkbank board approves right share issue
The Silkbank board of directors has approved injection of the fresh capital into the bank through a right share issue at a discount of Rs7 a share to meet the minimum paid-up capital requirement of the State Bank of Pakistan.
Standard Chartered says investors representing 98.5 percent of its shares have signed up for its $5.3 billion rights issue, which will increase the Asia-focused bank's capital ahead of tougher global rules.