16% Bonus Shares of GBBL and 70% Right Share of NFS Listed in NEPSE

63,17,092.9681 unit bonus shares of Garima Bikas Bank Limited (GBBL) have been Listed in NEPSE.

The 15th AGM of the company held on 18th Chaitra, 2078 endorsed a 16% dividend for the fiscal year 2077/78. The 270th meeting of the board of directors held on Poush 22, 2078 decided to distribute the entirety of the dividend in bonus shares. The paid-up capital of the company during dividend distribution was Rs. 3.94 arba Thus, the bonus shares were worth slightly over Rs. 63.17 crores. The same bonus shares are now listed in NEPSE.

Chaitra 4 was the book closure date. Thus, shareholders maintained before that day are entitled to the dividend payout.

Similarly, 70% right share of Nepal Finance Limited (NFS) have been Listed in NEPSE. This equates to 23,19,758.088 shares of the company.

The 1:0.70 right issue was opened to its shareholders from from Jestha 06 till Jestha 26, 2079. Baisakh 21 was the book closure date. Thus, shareholders maintained before that day applied for the rights issue. Unclaimed right shares were also auctioned.

As of writing, the LTP of NFS is Rs. 341.