Infrastructure Dev. Bank declares 13.7% stock dividend; Paid up capital to reach 94.08 crore

Infrastructure DevelopmentBank Limited (IDBL)has decided to distribute 13.7 percent bonus share and 0.72 percent cash dividend for tax purpose to its shareholders. The BOD Meeting of the company held on Mangsir 21 has proposed 13.7 percent bonus share 0.72 percent cash dividend for tax purpose to its shareholders from the net profit it earned in the last fiscal year 2071/72. The decision is subject to approval from Nepal Rastra Bank and the Bank’s upcoming Annual General Meeting (AGM). Earlier in the fiscal year 2067/68, Infrastructure Development Bank had distributed 8 percent bonus share to their shareholders, IDBL had earned net profit of Rs. 1.79 lakh in the first quarter of current fiscal year 2072/73 unaudited report. It’s paid up capital remains at Rs 82.75 crore. After distributing 13.7 percent bonus share it’s paid up capital will rise to Rs 94.08 crore.