KATHMANDU, Oct 2: Sunrise Bank Ltd has sad it will offer 21.5 percent bonus shares to its shareholders.
Issuing a press release, the bank said its board meeting held on Thursday decided to propose 21.5 percent bonus shares and 1.13 percent cash dividend (for tax purpose) to its shareholders.
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The decision, however, is subject to the approval of Nepal Rastra Bank (NRB) and the bank's upcoming annual general meeting.
The release also added that the bank's decision to float 15 percent rights shares as approved by its previous AGM is also in the process of getting approval from Securities Board of Nepal (Sebon).
