Tinau Dev. Bank offers 18 percent bonus shares to its shareholders

Sharesansar, August 17:

Butwal based -Tinau Development Bank Ltd (TNBL) has proposed 18 percent bonus shares to its shareholders from the profit it’s earned during last fiscal year 2071/72.

The board meeting held recently took a decision to distribute 18 percent bonus shares and 0.95 percent cash dividend for tax purpose from the profit it earned in Fiscal Year 2014/15.

The decision of the development bank, however, is subject to approval of the Nepal Rastra Bank and the upcoming annual general meeting of the bank.

Last year, the bank offered 15 percent bonus share to its shareholders.