Saptakoshi Development Bank proposes 6% bonus shares; Capital after adjustment to reach Rs 83.43 crore

Mon, Jan 13, 2020 12:06 PM on Dividend, Bonus & Rights, Latest, Stock Market,
Saptakoshi...

Saptakoshi Development Bank (SAPDBL) has proposed 6% bonus shares for its shareholders.

The 153rd Board Meeting held on Poush 27, 2076 has decided to propose 6% bonus shares worth Rs 4.72 crore from the accumulated profit till 2075/76 and bargain purchase gain.

The current capital of SAPDBL is Rs 78.71 crore. The capital after bonus adjustment will reach Rs 83.43 crore.

The proposal is subject to approval from Nepal Rastra bank (NRB) and the upcoming AGM of the bank.

The sign of the Saptakoshi Development Bank was changed to SAPDBL after the merger with Kabeli Bikas Bank. Its dividend history prior to the merger is given below: