State bank rules: Soneri Bank meets capital requirement

KARACHI: Soneri Bank Ltd has raised its paid up capital to more than Rs7.02 billion through right shares, and fulfilled State Bank of Pakistan’s minimum capital requirement (MCR), according to notice sent to the Karachi Stock Exchange on Friday. The bank has received over Rs1.01 billion after the allotment of 200.272 million right shares at a discounted rate of Rs5 per share. Soneri Bank’s shares price rose Rs0.03 on Friday to close at Rs4.97.

Published in The Express Tribune, July 30^th,  2011.