Last day to clinch 40% dividend of Nepal Investment Bank, 5% bonus of Barun Hydropower & 120% right shares of Nepal Community Development Bank

Today is the last day to secure 15% stock and 25% cash dividend of Nepal Investment Bank Limited (NIB), 5% stock dividends of Barun Hydropower Company Limited (BARUN) and 120% right shares of Nepal Community Development Bank Limited (NCDB). Nepal Investment Bank Limited (NIB) has set book closure date for the AGM and proposed dividends on Ashwin 18, 2074. Thus, shareholders owning their shares one day ahead of the book closure i.e. till today (Ashwin 17, 2074) are entitled for proposed dividends and for participation in the AGM. NIB will be conducting its 31^stAnnual General Meeting (AGM) on Kartik 7, 2074. The AGM is going to be held at Rastriya Sabha Griha, Pradarsani Marg, Kathmandu at 10 AM. NIBL’s current paid up capital stands at Rs 9.24 arba. After 15% bonus shares, its paid up capital will reach to Rs 10.62 arba. NIB has earned Rs 3.29 arba in the fourth quarter of the FY 2073/74. Likewise, Barun Hydropower Company Limited (BARUN) has set book closure date for its upcoming 13^th and 14^th Annual General Meeting (AGM). The hydropower company has decided to close the register of their shareholders on Asoj 18, 2074 for the 13^th and 14^th AGM. But only those shareholders holding shares till Asoj 17, 2074 i.e. one day ahead of the book closure date are eligible for the AGM. BARUN has decided to distribute 5% bonus shares to its shareholders from the profit it had earned in the FY 2073/74 and 100% right shares. After distribution of 5% bonus and 100% right shares, its paid up capital will reach to Rs 51.03 crore. BARUN has earned Rs 70.68 lakh in the second quarter of the FY 2073/74. Meanwhile, Only those shareholders of the Nepal Community Development Bank Limited (NCDB) having shares one trading day ahead of the book closure date i.e. till today (Ashwin 17, 2074) are eligible to apply for the right shares. The bank will be floating 26.43 lakh units right shares at Rs 100 per share. NIBL Capital Markets Limited has been appointed as its issue manager. Nepal Community had earned net profit of Rs 3.61 crore in last FY 2073/74. NCDB, which opted for issuing 120% right share after cancellation of acquisition by Shangri-la Development Bank, will have hiked its paid-up capital to Rs 48.46 crore from existing Rs 22.29 crore. Its last traded price (LTP) stand at Rs 316 as of last trading day.