Kailash Bikas Bank proposes 18.77% dividend: Bank in process of being acquired by Prime Commercial Bank
Tue, Nov 26, 2019 11:14 AM on Dividend, Bonus & Rights, Latest, Stock Market,
Kailash Bikas Bank (KBBL) has proposed 18.77% dividend for its shareholders from the profit of FY 2075/76.
The 423rd Board Meeting held on Mangsir 09, 2076 has decided to propose following dividend:
Current paid-up capital: Rs 2.52 arba
Bonus shares: 16% worth Rs 40.33 crore
Cash divided: 2.77% worth Rs 6.98 crore for tax purpose
Total dividend: 18.77% worth Rs 47.31 crore
Paid-up capital after adjustment: Rs 2.92 arba
The proposal is subject to approval from Nepal Rastra Bank and the upcoming 26th Annual General Meeting of the company.
KBBL is in the process of being acquired by Prime Commercial Bank. Nepal Rastra Bank (NRB) has issued Letter of Intent (LOI) to Prime Commercial bank Limited (PCBL) to acquire Kailash Bikas Bank Limited (KBBL).
The dividend history of KBBL is:
