Sindhu Bikas Bank to distribute 5.95% bonus share; Paid-up capital to meet minimum requirement of Rs 50 crore
Sun, Jun 17, 2018 9:19 AM on Dividend, Bonus & Rights, Latest, Stock Market,
Sindhu Bikas Bank Limited (SINDU) has published a notice regarding the distribution of 6.26% dividend to its shareholders.
As per the notice published in NEPSE, the development bank has proposed 6.26% dividend (5.95% bonus share and 0.3132% cash for tax purpose to its shareholders from the profit of FY 2073/74.
The decision is yet to be approved from Nepal Rastra Bank and the AGM of the bank.
The development bank had issued 80% right share for its shareholders. After the adjustment of the right shares, the paid up capital of the company will reach Rs 47.19 crore. After the issuance of 5.95% bonus share, the paid-up capital of the company will reach Rs 50 crore (meeting its minimum requirement of Rs 50 crore).
