Capital plan: NIC ASIA, SANIMA, NIBL to issue Right and Bonus shares; No Merger & Acquisition; NIBL FPO worth RS 80 Crore by the end of Ashad 2073
Tue, Sep 29, 2015 6:00 PM on Latest, Exclusive, Dividend, Bonus & Rights, Featured, Stock Market,
NIC Asia Bank ltd. , Sanima Bank Ltd., and Nepal Investment Bank Limited (NIBL) have proposed to reach the increased capital plan by issuing Right and Bonus Share. These banks have not proposed any merger and acquisition plans. NIBL has proposed Further Public Offering (FPO) worth 80 crore by the end of Ashad 2073.
1. NIC Asia Bank Ltd
2. Sanima Bank Ltd
3. NIBL
Note: According to the officials at NIBL, the NIBL had proposed 18 % bonus share and 15 % cash dividend on its proposal to the Nepal Rastra Bank (NRB). The NRB directed NIBL to converts its 15% cash dividend to bonus share. Thus, the current bonus share stands at 33 % instead of 18 % as listed in above table.
2. Sanima Bank Ltd
3. NIBL
Note: According to the officials at NIBL, the NIBL had proposed 18 % bonus share and 15 % cash dividend on its proposal to the Nepal Rastra Bank (NRB). The NRB directed NIBL to converts its 15% cash dividend to bonus share. Thus, the current bonus share stands at 33 % instead of 18 % as listed in above table.
