Dividend News
Recent dividend, bonus-share, and right-share announcements from the Nepal market.
Yeti Development Bank has appointed NCM Merchant Banking Ltd as issue manager for its 2:1 right shares. The bank will issue 69.31 lakh units, raising its issued and paid‑up capital to Rs 2.07 abn.
Nabil Bank has announced a 30% bonus share issue and a 15% cash dividend, pending approval from the Nepal Rastra Bank and the upcoming AGM. If approved, the bank’s paid‑up capital will rise from Rs 4.75 to Rs 6.17 arba.
NMB Microfinance will distribute 25% bonus shares to shareholders and a 1.3158% cash dividend, raising the company’s paid‑up capital to Rs 9.26 crore.
Bonus shares of Kalinchowk Development Bank Ltd. were listed on the Nepal Stock Exchange today for trading, along with right shares of NIC Asia Bank Ltd. Investors holding these shares can now sell them.
NBB has proposed to distribute a 32 % bonus share and a 1.7 % cash dividend to its shareholders, followed by an 80 % right share issue. The actions await approval from Nepal Rastra Bank and the upcoming Annual General Meeting.
Sindhu Bikas Bank Limited announced a 16.8% bonus share distribution and a 0.88% cash dividend to its shareholders, based on a net profit of Rs 2.72 crore for FY 2072/73. The issue will increase the bank’s paid‑up capital from Rs 12.09 crore to Rs 14.12 crore.
At its 13th AGM held yesterday, Api Power approved a 5% bonus share issuance and unveiled plans for three hydropower projects totaling 113 MW. The 75 MW Trishuli Galchi, 40 MW Upper Chameliya and 8 MW Upper Naugarh Gad projects will commence soon, with the latter slated for completion in 15 months.
Shares registered on Shrawan 32 are eligible for a 5% bonus share from Api Power’s net profit; the AGM where this will be approved is held at 11 AM today.
The right issue closes on Ashwin 21, 2073. Shareholders should apply for the 30% right shares by collecting application forms from CEDB Hydro Fund, Tripureswor, or by depositing the required amount into NMB Bank Limited account 06600300340577000001, Thapathali, Kathmandu.
Shares held as of Shrawan 30, 2073 qualify for an upcoming 10% bonus. The AGM on Bhadra 17, 2073 will approve the bonus and a 3,157,883‑unit FPO to raise capital for projects.
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