Shangrila Development offering 25% dividend; 4:1 right in offing
Tue, Jan 13, 2015 12:00 AM on Dividend, Bonus & Rights,
ShareSansar, January 13:
The 145th BOD meeting of Shangrila Development Bank Limited (SADBL) has proposed 15 percent bonus share and 10 percent cash dividend to its shareholders from the net profit it earned in the last fiscal year 2070/71.
The BOD meeting of bank held on Poush 28 has decided to recommend a dividend to its shareholders. However, the decision is subjected to approval from Nepal Rastra Bank and the company upcoming Annual General Meeting.
The special general meeting held on Asoj 10 has already approved the agenda to issue 4:1 right share to its shareholders.
Publishing a notice today, bank informs that it has Rs 6.70 billon deposits and mobilized Rs 5.62 billion in loan and advances till Mangsir end 2071. Its NPA is 0.79%.
