Om Development Bank proposes 17.69% bonus shares; Paid up to reach Rs 2.51 arba

Om Development Bank Limited (ODBL) has proposed dividend to its shareholders. As per the notice published in NEPSE today, the board meeting of the development bank held on Poush 16, 2074 has proposed 17.69% bonus shares of worth Rs 37.81 crore from the net profit of FY 2073/74. The decision is subject to the approval from the concerned authority and upcoming AGM. Its paid up capital will reach to Rs 2.51 arba after bonus shares distribution from existing Rs 2.13 arba. It had earned Rs 3.74 crore in the first quarter of the FY 2074/75. Its LTP stood at Rs 245 as of last trading day.