Reliance Lotus Finance announces 20% stock dividend; FPO investors to get bonus

Reliance Lotus Finance Limited (RLFL) has decided to distribute 20 percent bonus share and 1.05 percent cash dividend for tax purpose to its shareholders. The BOD Meeting of the company held on Magh 14 has proposed 20 percent bonus share 1.05 percent cash dividend for tax purpose to its shareholders from the net profit it earned in the last fiscal year 2071/72. The decision is subject to approval from Nepal Rastra Bank and the finance’s upcoming Annual General Meeting (AGM). The company had floated 5,10,988 unit FPO shares and had concluded its allotment on Magh 10, 2072 at the premises of issue manager NCM Merchant Banking Limited. Those shareholders who had applied for the FPO shares will also entitled to the 20% bonus share declared by the finance company. Investors who had applied from Rs 9000 or 90 units to Rs. 50, 000 or 500 units were allotted 13.2%. Investors who had applied Rs 51,000 or 510 units and above were allotted 8.23 %. The investors who applied from 50 to 8 units got 10 units each. Every valid applicant got the share as there was no lottery. Of the total 6571 applicants’ 6570 investors got the shares. There was only one invalid applicant