Didn’t get 18.29% bonus share of Laxmi Bank in demat account? Pay tax first!

Laxmi Bank Limited (LBL) has requested its shareholders to pay tax amount for 18.29% bonus share distribution purpose. As per the notice published by the bank today, after the completion of acquisition of Professional Diyalo Bikas Bank Limited on Magh 1, 2073, the shareholders who bought the shares after Magh 1 should pay 5% tax for capital gains. Only then will the shareholders get their bonus shares in Demat account. Laxmi Bank’s 16^th AGM held on Ashad 13, 2074 had approved 18.29% bonus share to its shareholders for FY 2072/73. The allottees of its 100% right share are also eligible for bonus shares. Recently, Laxmi Bank has also announced 10% bonus share to its shareholders. The bank will be convening its 7^th Annual General Meeting (AGM) on Mangsir 28, 2074. Its current paid up capital stands at Rs 7.47 arba. After 10% bonus share distribution, its paid up capital will reach to Rs 8.21 arba. It had earned Rs 17.09 crore in the first quarter of the FY 2074/75.