Lumbini Bikas Bank proposes 17.35% bonus shares; Paid-up capital to reach Rs 2.55 arba after adjustment

Sun, Dec 23, 2018 11:30 AM on Dividend, Bonus & Rights, Latest, Stock Market,

Lumbini Bikas Bank Limited (LBBL) has proposed 17.35% bonus shares for the FY 074/75.

As per the notice published in NEPSE, the development bank has announced 17.35% bonus shares worth Rs 37.71 crore for its shareholders.

The decision of the bank is subject to approval from Nepal Rastra Bank and upcoming AGM of the company.

After the adjustment of bonus shares, the paid-up capital of the bank will reach Rs 2.55 arba.