Grand to approve 4.75 % cash dividend, conversion of 17% promoter shares to ordinary today
Fri, Mar 21, 2014 12:00 AM on AGM/Special AGM,
ShareSansar, March 21:
Grand Bank Nepal Limited is holding its Annual General Meeting today.
The 13th AGM of the commercial bank being held at the Staff College at Jawalakhel will endorse 4.75 percent cash dividend to the shareholders from the net profit it posted in the last fiscal year 2069/70.
The annual event will also endorse a plan to convert 17 percent of the existing 70 promoter shares of the bank to ordinary shares.
Grand Bank had posted a net profit of Rs.20.05 crore in the last fiscal year of 2069/70.
