Global IME likely to issue bonus shares worth Rs 3.14 arba but also considers Merger & Acquisition

The Capital plan of Global IME Bank Limited (GBIME) has been made public. According to the plan, the bank plans to issue bonus shares worth Rs 3.14 arba to reach the paid up capital of Rs 8 arba by the end of Ashad, 2074. The bank has also kept an option of Merger and Acquisition to reach the stipulated paid up capital. Below table summarizes the capital plan laid forth by GBIME:

                                                                                                                             In Millions Rupees

S. No. List

Fiscal Year

2071/72 2072/73 2073/74
1. Paid up Capital 5011.60 6,114.15 7,031.27
2. Bonus Share (%) 22%-25% 15-18% 16%-20%
3. Bonus Share (Rs) 1,102.55 917.12 1,125.00
4. Paid up Capital after issuance of Bonus shares 6,114.15 7,031.27 8,156.28