NMB Microfinance proposes 15% bonus shares; Paid-up capital to reach Rs 16.20 crore

Sun, Nov 18, 2018 11:33 AM on Dividend, Bonus & Rights, Latest, Stock Market,

NMB Microfinance Bittiya Sanstha Limited (NMBMF) has proposed 15% bonus shares for its shareholders.

As per the notice published in NEPSE, the microfinance company has announced 15% bonus shares worth Rs 2.11 crore and Rs 11.12 lakh cash dividend for tax purpose from the profit of FY 2074/75.

The decision of the microfinance company is subject to approval from the Rastra Bank and upcoming AGM of the company.

The company had distributed 25% bonus shares to its shareholders for the FY 2073/74.

After the adjustment of 15% bonus shares, its paid-up capital will reach Rs 16.20 crore