8.53% Bonus Shares of Shangrila Development Bank Listed in NEPSE

25,69,220.5471 unit bonus shares of Shangrila Development Bank Limited (SADBL) have been listed in NEPSE.

The bank convened its 18th AGM on the 17th Chaitra and endorsed an 8.983% dividend worth Rs. 27.04 crores for the fiscal year 2078/79. The meeting of the board of directors held on Magh 26 decided to distribute the dividend on the paid-up capital of Rs. 3.01 Arba. 8.534% bonus shares worth Rs. 25.69 crores and 0.449% cash dividend (tax purposes) worth Rs. 1.35 crores were proposed. The same bonus shares are now listed in NEPSE.

As of writing, SADBL has an LTP of Rs. 290.