Himalayan Bank proposes 30% bonus share; Paid up to reach Rs 7.15 arba

Himalayan Bank Limited (HBL) has decided to distribute 30 percent bonus share to its shareholders. As per the notice published in NEPSE today, the BOD meeting of the bank held on Mangsir 14 , 2073 has proposed 30 percent bonus share and 1.5789 percent cash dividend for tax purpose to its shareholders from the net profit it earned in the last fiscal year 2072/73. Himalayan Bank has been issuing 7:1 (14. 28%) right shares to its existing shareholders from Kartik 26, 2073. The issue will close on Mangsir 30, 2073. The bank has made it clear that the current right share applicants are not eligible for this 30 percent bonus share. The decision is subjected to approval from Nepal Rastra Bank and the commercial bank’s upcoming Annual General Meeting (AGM). HBL had distributed 35% bonus share and 7.1% cash dividend to its shareholders from the profit it made in the fiscal year 2071/72. Himalayan Bank has earned net profit of Rs 43.84 crore in the first quarter of the fiscal year 2073/74 as per unaudited report. It’s paid up capital remains at Rs 4.96 arba. After 30% bonus share distribution, its paid up capital will reach to Rs 6.44 arba. As  Himalayan Bank is still issuing right share and has not been closed yet, right shareholders will not get bonus share. The paid up capital of the bank after right share adjustment will reach Rs 5.66 arba. Eventually the paid up capital of the bank will reach to Rs 7.15arba.