Muktinath Bikas to offer 38% Bonus and 25% Right shares, AGM on Mangsir 13

ShareSansar, November 6:

Pokhara-based Muktinath Bikas Bank Limited (MNBBL) has announced its 8th Annual General Meeting to be held on Mangsir 13, 2071.

The bank is offering 25% right share to its shareholders, the decision to issue the right share was approved by the 7th AGM held on Mangsir 15, 2070.

It has also published a book closure date for both AGM and right issue on Mangsir 28, 2071. Only those shareholders who would hold the shares of the bank till Kartik 27; will be entitled to get the dividend and right shares to be offered by the bank.

MNBBL is also converting 19% promoter share to an ordinary share which is subject to approval from the bank upcoming AGM.

Other major agendas of the bank are to approve financial statement of FY 2070/71, merger and acquisition and election of BOD representing 4 from promoter group, 3 from public group and 1 from independent director category.