Bonus Shares of Shine Resunga Development Bank and Lumbini Bikas Bank Listed in NEPSE

50,28,741.99 unit bonus shares of Shine Resunga Development Bank Limited (SHINE) have been listed in NEPSE.

The company convened its 14th AGM on 25th Poush and endorsed a 14% dividend for FY 2078/79. The 266th meeting of the board of directors held on 7th Mangsir 2079, proposed a 14% dividend from the paid-up capital. The paid-up capital of the bank stands at Rs. 3.78 Arba. 13.3% bonus shares worth Rs. 50.28 crores and 0.7% cash dividend (including tax) worth Rs 2.64 crores were proposed.

SHINE closed at Rs. 335.90 today.

Similarly, 9,85,287.75 unit bonus shares of Lumbini Bikas Bank Limited (LBBL) have been listed in NEPSE.

The company convened its 15th AGM for the FY 2078/79 on 26th Poush, 2079. The company endorsed a 12% dividend for FY 2078/79. The company's 435th meeting of the board held on 2nd Mangsir 2079 proposed a 12% dividend from the paid-up capital. The paid-up capital of the company stands at Rs. 3.28 Arba. 3% bonus shares worth Rs. 9.85 crores and 9% cash dividend (including tax) worth Rs 29.55 crores were proposed. The same bonus shares are now listed in NEPSE.

As of writing, LBBL has an LTP of Rs. 334.50.