Excel Development Bank Limited and Prabhu Insurance Company Limited Distributing Bonus Shares Directly to Demat Accounts of their Respective Investors

Wed, Aug 12, 2020 1:03 PM on Dividend, Bonus & Rights, Latest,

Excel Development Bank Limited and Prabhu Insurance Company Limited are distributing bonus shares directly to DEMAT accounts of their respective shareholders.

Excel Development Bank Limited is distributing 17.1% bonus shares while Prabhu Insurance Company Limited is distributing 5%.

For investors of Excel Development Bank Limited who had taken a loan against shares by Chaitra 6, 2076, the company has requested its investors to request their lender to free their shares if the loan is repaid. The provision is the same for investors of Prabhu Insurance Company Limited if they had taken loans against shares by Magh 09, 2076.