Reminder! Last Day to Grab 11% Dividend Proposed by Nepal Investment Bank

Today is the last day to grab the 11% dividend proposed by Nepal Investment Bank Limited (NIB).

The bank has called its 36th AGM on 7th Poush, 2079. The meeting will be held in Nepal Academy Hall, starting at 10 AM that day.

Among other agendas, the AGM will endorse an 11% dividend for FY 2078/079. The paid-up capital of the bank is Rs. 18.30 Arba. 4% bonus shares worth Rs. 73.23 crores and 7% cash dividend (including tax) worth Rs 1.28 Arba have been proposed.

Furthermore, the AGM will also pass a resolution regarding evaluating the Due Diligence Audit and endorse a share swap ratio of 100: 90 for the merger between Nepal Investment Bank Limited and Mega Bank Nepal, and sign the final agreement for the merger.

Mangsir 21 is the book closure date. Thus the shareholders maintained till today are eligible for dividend payout and can also attend the AGM.