Bonus shares of two development banks listed on NEPSE; more than 6 Million units made tradeable

Nepal Stock Exchange Limited (NEPSE) has published notice regarding the listing of bonus shares of two development banks, Mahalaxmi Bikas Bank Limited (MLBL) and Kailash Bikas Bank Limited (KBBL).

As per the notice, 2,275,600.98 Units Bonus Shares of Mahalaxmi Bikas Bank Limited (MLBL) has been listed on the stock exchange. MLBL had issued 8% bonus shares out of the profits of FY 75/76 for the shareholders.

Similarly, 4,033,018 Units Bonus Shares of Kailash Bikas Bank Limited (KBBL) has been listed on the stock exchange. KBBL had issued 16% bonus shares out of the profits of FY 75/76 for the shareholders.

A total of 6,308,618.98 units of shares have been made tradable in the secondary market.