Bonus Shares of BARUN to Be Deposited in Investors' Demat Accounts

Barun Hydropower Company Limited (BARUN) has made the provision to distribute 5% bonus shares directly to Demat accounts of its shareholders.

The recent AGM of the company endorsed a 5.263% dividend for the fiscal year 2076/77: 5% bonus shares and a 0.263% cash dividend for its shareholders from the profit of FY 2076/77. The same bonus shares are already listed in NEPSE. The shares will be tradable the next day after they are deposited into the Demat accounts of investors.

Investors should dematerialize their shares to receive the bonus shares on their Demat accounts. Furthermore, if eligible investors had taken a loan against the shares of the companies before the book closure date, they should present a No Objection Letter from their lending institution in order to receive the dividend.

As of writing, BARUN has an LTP of Rs. 245.

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