Nepal Investment Bank Limited (NIB) has called 36th AGM on 7th Poush, 2079 and has announced the book closure date for its 11% dividend.
The AGM will endorse 11% dividend worth Rs. 2.01 Arba for the fiscal year 2078/79. The 577th meeting of the board of directors held on Kartik 29, 2079 decided to distribute 11% dividend on the paid-up capital of Rs. 18.30 Arba. 4% bonus shares worth Rs. 73.23 crores and 7% cash dividend (including tax) worth Rs 1.28 Arba have been proposed.
Mangsir 21 is the book closure date. Thus, shareholders maintained that day are entitled to the dividend payout and can also attend the AGM.
Earlier, Nepal Investment Bank Limited and Mega Bank Nepal Ltd signed a merger agreement at a swap ratio of 100:90. The trading of shares of both banks has resumed on NEPSE on Mangsir 6 which was in halt since Jestha 30, 2079.