Muktinath Bikas Bank proposes 17.60% bonus share for its shareholders; Capital after adjustment to reach Rs 4.32 arba
Fri, Oct 25, 2019 1:06 PM on Dividend, Bonus & Rights, Stock Market, Latest,
Muktinath Bikas Bank (MNBBL) has proposed 18.53% dividend for its shareholders from its accumulated profit till 2075/76.
The 217th Board Meeting held on Kartik 07, 2076 has decided to propose the following dividend:
Current paid-up capital: Rs 3.06 arba
Ongoing 20% right issuance: Rs 61.29 crore
Total Paid-up capital: Rs 3.67 arba
Total dividend: 18.53% of Rs 3.67 arba
Bonus shares: 17.60% worth Rs 64.72 crore
Cash dividend: 0.93 worth Rs 3.40 crore for tax purpose
Capital post adjustment: Rs 4.32 arba
The proposal is subject to approval from Nepal Rastra Bank and the upcoming 13th AGM of the bank.
The bank's dividend history:
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