Dividend News
Recent dividend, bonus-share, and right-share announcements from the Nepal market.
Today is the last day to apply for Mega Bank Nepal Limited’s 4:1 (25%) right shares at a face value of Rs 100 each. The total allotment will be 81,014,38 units, and applications can be submitted to Global IME Capital Limited.
Today is the last day to acquire 2:1 (50%) right shares of Muktinath Bikas Bank Limited; the book‑closure date is Bhadra 30 2073, and only shares registered Bhadra 29 2073 are eligible. NIBL Capital Markets has been appointed as issue manager.
Oriental Hotels Limited will hold its 19th AGM on Ashwin 19, 2073 to approve a 20% bonus share and a 6.32% cash dividend. Shareholders must hold shares by Ashwin 5, 2073 to receive the bonus.
Shareholders holding shares as of Ashwin 4, 2073 will receive a 15% bonus share at First Microfinance’s 7th AGM on Ashwin 19, 2073. The AGM will also approve a 0.79% cash dividend, issue a 2:1 (50%) right share, and raise the authorized capital from Rs 23 crore to Rs 39.67 crore.
Global IME Bank has proposed a 16% bonus share from net profit of Rs 1.39 arba. If approved at the upcoming AGM, the paid up capital will rise to Rs 7.14 arba.
The rights issue allows companies to raise capital by issuing new shares to existing shareholders at a lower price; investors should assess the company’s expansion plans and potential dilution of earnings before subscribing, as share prices generally fall after the issue.
Sunrise Bank Limited proposes a 3:1 bonus share distribution; the proposal awaits Nepal Rastra Bank approval and final confirmation at the upcoming Annual General Meeting.
Today is the closing day for the 1:1 (100%) rights issue of Cosmos Development Bank Limited; existing shareholders must file applications by Shrawan 3, 2073 to acquire up to 5,03,125 units at the Rs 100 face value.
Securities Board of Nepal has granted final approval for Triveni Bikas Bank Limited to issue 2:1 (50%) right shares, with Ace Capital Limited acting as issue manager. The development bank’s 12th AGM approved the issuance of 4,100,076.42 units to existing shareholders.
Book closure for NIC Asia Bank Limited ends Ashwin 4, 2073; share holders registered the day before are eligible for the 26% bonus share. The 19th AGM will be held on Ashwin 18, 2073 at 10:00 AM in Kathmandu to approve the bonus and the 15% right share release.
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