Himalayan and Kumari Bank : Bonus and Right share; Kumari to go for merger
Wed, Sep 30, 2015 4:00 PM on Latest, Exclusive, Dividend, Bonus & Rights, Stock Market,
Himalayan Bank Limited (HBL)
Himalayan Bank has revealed its capital Plan. HBL will issue bonus and right shares but does not have plan to go into Merger and Acquistion. In order to raise their paid up capital to Rs 8 arba by the end of fiscal year 2074, the bank has following plans:
At present Himalayan Bank has a paid up capital of Rs 3.33 arba. The bank will issue 35% bonus share from the profit of last fiscal year (2071/72). After the issuance of bonus share its paid up capital will reach to Rs 4.49 arba.
From the profit of fiscal year 2072/73, the bank has plan to issue 23% bonus shares after which its paid up capital will reach Rs 5.53 arba.
From the profit of fiscal year 2073/74, the bank has plans to issue 25% bonus shares and it will also issue 19.5% right shares after which its paid up capital will reach to Rs 8 arba.
The bank has no plans for merger with other BFIs.
Kumari Bank Limited (KBL)
Kumari Bank discloses its plans to hike its paid up capital to Rs 8 arba by the end of of fiscal year 2074.
The bank’s capital plan is as follows:
At present the bank has a paid up capital of Rs 2.43 arba. The bank will be issuing 10% bonus shares from the net profit it earned in the last fiscal year. After the issuance of bonus share its paid up capital will stand at Rs 2.67 arba.
The banks has plan to issue 28% bonus shares from the net profit of fiscal year 2072/73. After the issuance of bonus share, the bank has plan to go for merger with other BFI with a paid up capital around Rs 2.75 arba. After bonus share and merger the bank’s paid up capital will reach to Rs 6.18 arba.
From the profit of fiscal year 2073/74 the bank will be issuing 12% bonus shares and 20% right shares after which its pad up capital will hike to Rs 8.16 arba.
Kumari Bank Limited (KBL)
Kumari Bank discloses its plans to hike its paid up capital to Rs 8 arba by the end of of fiscal year 2074.
The bank’s capital plan is as follows:
At present the bank has a paid up capital of Rs 2.43 arba. The bank will be issuing 10% bonus shares from the net profit it earned in the last fiscal year. After the issuance of bonus share its paid up capital will stand at Rs 2.67 arba.
The banks has plan to issue 28% bonus shares from the net profit of fiscal year 2072/73. After the issuance of bonus share, the bank has plan to go for merger with other BFI with a paid up capital around Rs 2.75 arba. After bonus share and merger the bank’s paid up capital will reach to Rs 6.18 arba.
From the profit of fiscal year 2073/74 the bank will be issuing 12% bonus shares and 20% right shares after which its pad up capital will hike to Rs 8.16 arba.
