Siddhartha Bank proposed 14% bonus shares; paid up to reach Rs 8.47 arba after bonus & right shares adjustment
Fri, Jan 5, 2018 1:04 PM on Latest, Dividend, Bonus & Rights, Featured, Stock Market,
Siddhartha Bank Limited (SBL) has proposed dividend to its shareholders.
As per the notice published in NEPSE today, the board meeting of the bank held on Poush 20, 2074 has proposed 14% bonus shares 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 to Rs 7.78 arba from existing Rs 6.82 arba. Moreover, SBL will be issuing 10% right shares of worth Rs 68.26 crore to its shareholders to meet the capital requirement of Rs 8 arba as directed by Nepal Rastra Bank (NRB). Thus, final paid up of SBL will reach to Rs 8.47 arba.
It had earned Rs 1.52 arba in the FY 2073/74.
Its LTP stood at Rs 355 as of last trading day.
