Manjushree Finance and Miteri Development Bank Distribute Bonus Shares to Demat Accounts; Urge Investors to Dematerialize their Shares

Sun, Jul 19, 2020 1:30 PM on Dividend, Bonus & Rights, Latest,
Manjushree...

Manjushree Finance Limited and Miteri Development Bank are both distributing bonus shares to Demat accounts of their respective investors.

Manjushree Finance Limited is distributing 1.75% bonus shares while Miteri Development Bank Limited is distributing 18.525%.

Investors of Manjushree Finance who have dematerialized their shares before Poush 15, 2076 B.S. will receive bonus shares directly in their account. Meanwhile, investors of Miteri Development Bank who have dematerialized their shares before Falgun 27, 2076 B.S. will receive bonus shares directly in their account.

Those who have dematerialized after the respective dates will also get their bonus shares in their account soon.

Both have urged investors to dematerialize their shares if they have not done so.

Importantly, investors of Manjushree Finance who have taken a margin loan via the pledging shares before Poush 15, 2076 B.S. will have their bonus shares frozen with the respective BFI's until clearance. The condition is the same for investors of Miteri Development Bank if they have taken margin loans before Falgun 27.