Miteri Development proposes 17% bonus shares for FY 2074/75; Paid-up capital to reach Rs 58.50 crore
Thu, Sep 20, 2018 11:23 AM on Dividend, Bonus & Rights, Latest, Stock Market,
Miteri Development Bank Limited (MDB) has announced 17% bonus shares for its shareholders for FY 2074/75.
As per the notice published in NEPSE, the development bank has proposed 17% bonus shares worth Rs 8.50 crore and cash dividend for tax purpose worth Rs 44.73 lakh.
The decision made by the meeting of BOD is subject to approval from Nepal Rastra Bank and upcoming AGM of the company.
After the adjustment of the 17% bonus shares, the paid-up capital of development bank will reach Rs 58.50 crore. In the FY 2073/74, the development bank had distributed 31.48% bonus shares.
