Last trading day to grab 40% dividend of CBBL; price rises by 20% within last 1 month

Today is the last day to clinch 40% dividend of Chhimek Labhubitta Bittiya Sanstha (CBBL).

The 17^th AGM of the microfinance company will be held on 30th Baisakh, 2076 (13th May, 2019) at Hotel Samana, Hetauda from 10:30 AM onwards. For this purpose, the books of the company will remain closed from 16^th Baisakh, 2076. Investors holding shares of the company till today (15^th Baisakh, 2076) will be eligible to claim dividend and participate in the AGM of the company.

The agendas of the AGM include endorsement of audited financial highlights of FY 74/75 and appointment of statutory auditor for FY 75/76. The AGM will also be endorsing 40% dividend (22% cash dividend including tax worth Rs.22 Crore and 18% bonus shares worth Rs.18 Crore) for the shareholders out of the profits of FY 74/75.

After the issue of bonus shares, the paid up capital of the company will increase from Rs.1 Arba to Rs.1.18 Arba.

CBBL price rises by more 20% in last one month

The price of CBBL rises by 20% (approx) within last one month on an expectation of handsome returns. Total 2,80,341 units share of CBBL traded on last 1 month.

(Pic taken from SSPro)

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