Birat Laxmi is converting 10.61% promoter shares to Public Share to make 51: 49 ratios

Sharesansar, April 17:

Birat Laxmi Development Bank Limited (BLDBL) is decreasing the promoter shares holding from existing 61.61 percent to 51 percent which means 10.61 percent will be converted to public shares.

The converted shares will be easily traded on secondary market (NEPSE). The board of directors meeting has already proposed the agendas and the proposal are already sent to Nepal Rastra Bank for approval.

After conversion, Promoter to Public ratio will be 51% to 49% respectively.

Last year Birat Laxmi Bikas Bank Limited (BLDBL) has proposed 45 percent bonus share and 2.37 percent cash dividend (for tax purpose) to its shareholders.

Earlier, Biratlaxmi Bikas Bank was merged with Khadbari Development Bank Limited.