Naya Nepal Laghubitta Bikas Bank Limited (NNLB) has announced 20 percent bonus share and 250 percent right shares to its shareholders.
As per the notice published in NEPSE today, the 221st board meeting of the microfinance company held on Mangsir 8, 2074 has announced 20% stock and 1.05% cash dividend for tax purpose to its shareholders from the net profit of FY 2073/74. The same meeting has also proposed right share in the ratio1:2.5 (250%) after issuance of bonus share to its shareholders.
The decision is subjected to the approval from Nepal Rastra Bank and its upcoming AGM.
NNLB had earned Rs 2.69 lakh in the first quarter of the current fiscal year 2074/75. After the issuance of this bonus and right shares, its paid up capital will reach Rs 8.4 crore from existing Rs 2 crore. Its last traded price stand at Rs 2751 as of yesterday.