Shangrila Development Bank announces 11.8% dividend; 2.5% bonus shares to take capital at Rs 2.50 arba

Shangrila Development Bank Limited (SADBL) has announced bonus shares and cash dividend for its shareholders.

As per the notice published in NEPSE, the development bank has announced 2.5% bonus shares worth Rs 6,11,30,400 and 9.30% cash dividend worth Rs 22,74,08,678 from the net profit of fiscal year 2073/74 for its shareholders.

The decision is yet to be approved from Nepal Rastra Bank.

The development bank had issued 80% right share for its shareholders taking its paid up capital to Rs 2.44 arba. After the adjustment of bonus shares, its paid up capital will reach Rs 2.50 arba.