Tourism Development Bank announces 15% bonus shares for its shareholders; Bank still in the process of being merged with Mega Bank
Thu, Apr 5, 2018 1:14 PM on Latest, Dividend, Bonus & Rights, Featured, NEPSE News, Stock Market,
The 212th board meeting of Tourism Development Bank Limited has announced 15% bonus shares for its shareholders.
As per the notice published in NEPSE, the development bank has announced 15% bonus share worth Rs 30.15 crore from the net profit of FY 2073/74.
The decision is yet to be approved by Nepal Rastra Bank and the Annual General Meeting of the development bank.
Tourism Development Bank is currently in process of acquisition with Mega Bank and hence the transaction of the bank in the secondary market is halted for the period.
Mega Bank had also recently announced bonus shares for its shareholders. (see here)
Notice
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