Shine Resunga announces 27% stock dividend; Paid up capital to reach Rs 1.10 arba

Shine Resunga Development Bank Limited (SHINE) has decided to distribute 27 percent bonus share to its shareholders. The BOD meeting held on Ashwin 11, 2073 has proposed 27 percent bonus share to its shareholders from the net profit it earned in the last fiscal year 2072/73. The decision is subjected to approval from Nepal Rastra Bank and the development bank’s upcoming Annual General Meeting (AGM). Shine Resunga Development Bank has earned net profit of Rs 27.07 crore in the fourth quarter of the fiscal year 2072/73 as per unaudited report. It’s paid up capital stands at Rs 86.84 crore and after issuance of 27% bonus share the paid up capital will rise to Rs 1.10 arba.