Citizens Bank: Pay The Tax Amount to Get Bonus Shares of Former Tinau Mission Development Bank (TMDBL)

Tinau Mission Development Bank Limited has requested its investors to pay the tax amount for the fiscal year 2075/76 and 2076/77. The company distributed 6% bonus shares for the fiscal year 2076/77.

The same bonus shares are already distributed to Demat accounts of investors, starting from Falgun 21 last year. Investors who have not yet dematerialized their shares should do so in order to receive the bonus shares. Furthermore, the tax amount for bonus shares has to be manually paid by investors.

After a successful acquisition of Tinau Mission Development Bank (TMDBL), Citizens Bank International Limited (CZBIL) has commenced the joint operation in the name of Citizens Bank International Limited from 14th Chaitra, 2077.

The swap ratio is 100: 96 i.e. every 100 units of TMDBL are equated with 96 units of CZBIL. 

NRB gave the final nod on Chaitra 09. CZBIL then organized its 358th board meeting on the same day to decide on the commencement date of the joint transaction.

The bank details to pay the tax are in the attachment below:

Tax payment