KATHMANDU, Aug 16: Tinau Development Bank Ltd has announced 18 percent bonus shares to its shareholders.
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Issuing a statement, the Butwal-based development bank said that its board meeting held recently took a decision to distribute 18 percent bonus shares and 0.95 percent cash dividend for tax purpose from the profit it earned in Fiscal Year 2014/15.
The decision of the development bank, however, is subject to approval of the Nepal Rastra Bank and the upcoming annual general meeting of the bank.
