KARACHI, July 11: Board of Orix Investment Bank has approved a 200 per cent Rights Issue (two shares for every one share held) at par, which will increase its paid up capital to Rs1,089 million making OIBP one of the largest capitalised investment banks of the country. With tripling its paid up capital, OIBP would be in a position to expand its participation in the capital markets and in industrial investment for the benefits of its shareholders, says a press release.

Orix Corporation of Japan and Orix Leasing Pakistan, the sponsoring shareholders of OIBP have confirmed that they will take up their entitlement of rights.