Dividend of NIB and BPCL Distributed to Eligible Shareholders

Nepal Investment Bank Limited has distributed 12.611% bonus shares directly to Demat accounts of its shareholders.

The company concluded the 35th Annual General Meeting (AGM) for the fiscal year 2077-78 on 3rd December 2021 at its head office, Durbar Marg, Kathmandu. Chaired by the Bank chairman Mr. Prithivi Bahadur Pandé, the shareholders were informed in the meeting of the Bank’s decision to distribute 16.00% total dividend; 12.611 % bonus shares, and 3.389 % cash dividend, on its total paid-up capital.

Note that the bonus shares are already listed in NEPSE. As of writing, NIB has an LTP of Rs. 460.

Notice

Butwal Power Company Limited has also distributed a 10% cash dividend to bank accounts of eligible shareholders.

The 29th AGM of the company held on Poush 26 endorsed a 20% dividend for the fiscal year 2077/78. The company had proposed 10% in bonus shares and 10% in cash dividends.

The same cash dividend is now being distributed to bank accounts. As of writing, BPCL has an LTP of Rs. 438.50.

Notice