Last day to clinch 23% bonus share of Bank of Kathmandu Lumbini; LTP at Rs 531

Today is the last day to clinch 23% bonus share of Bank of Kathmandu Lumbini Limited (BOKL) for the FY 2072/73. The register of their shareholders will close on February 26, 2017 for the purpose of its upcoming AGM, and today is the last trading day to secure the bonus shares. Only those shares traded until today are eligible for the bonus shares and for participation in the AGM. BOKL will be endorsing the above stock dividend, FPO for promoters, and change its name back to "Bank of Kathmandu Limited" among other agendas. BOKL has earned net profit of Rs 60.14 crore in the second quarter of the FY 2072/73. Its paid up capital after capitalization of 23% bonus stands at Rs 5.62 arba. After the issuance of 62.08 lakh units FPO shares for promoters, its paid up capital will reach Rs 6.24 arba. As per NRB’s directive for all commercial banks to increase their paid up capital to a minimum of Rs 8 arba by the end of FY 2073/74, BOKL will need to issue a further capital hike of around 28%. Its last traded price stood at Rs 531 as of February 22, 2017.