Himalayan Bank approves 30% bonus shares

Published On: January 6, 2017 10:00 PM NPT By: Republica  | @RepublicaNepal

KATHMANDU, Jan 6: The 24th Annual General Meeting (AGM) of Himalayan Bank Limited, chaired by Chairman Manoj Bahadur Shrestha, -- has approved a proposal to distribute 30 percent bonus shares and 1.58 percent cash dividend (for tax purpose) to the bank's shareholders.

"After issuance of the bonus shares, the bank's paid-up capital will rise to Rs 5.84 billion," the bank said in a statement.

The statement further added that the bank's paid-up capital will be Rs 6.49 billion after the allotment of right shares as decided by the 23rd AGM.


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