Mission Development Bank proposes 20% bonus shares; paid up to reach Rs 51.92 crore

Mission Development Bank Limited (MIDBL) has proposed dividend to its shareholders. As per the notice published in NEPSE today, the board meeting of the development bank held on Ashwin 29, 2074 has proposed 20% bonus shares and 1.05% cash dividend (for tax purpose) from the net profit of the FY 2073/74. It had distributed 22% bonus and 1.06% cash dividend from the net profit of FY 2072/73. Its current paid up capital stands at Rs 43.27. After distribution of 20% bonus shares, it will reach to Rs 51.92 crore. Its LTP stood at Rs 268 as of last trading day.