Dividend News
Recent dividend, bonus-share, and right-share announcements from the Nepal market.
Laxmi Capital Market Limited approved as issue manager for Siddhartha Bank Limited’s 4:1 right share issue. The bank will issue 75.55 lakh units of right shares against a paid‑up capital of Rs 3.2 arba.
SEBON has approved 1:1, 3:2.08, 4:1 rights issues for Cosmos Development Bank Limited, Alpine Development Bank Limited, Surya Life Insurance Company Limited and United Finance Limited. Offer letters will be published by the end of Ashad.
The Board of Directors of Deva Bikas Bank Limited has proposed a 2:1 right share issue that would raise paid‑up capital to Rs1.22 crore, pending approval at the upcoming AGM.
Shareholders should note that Sanima Mai Hydropower Limited has proposed to issue a 1:1 right share, pending approval at its next Annual General Meeting, which would double paid‑up capital from Rs 1.05 arbra to Rs 2.1 arbra.
The rights issue begins today, Ashad 5, 2073, and closes on Shrawan 9, 2073; only shareholders who transferred shares to their name before the book closure (Jestha 24, 2073) can apply for the 1, 68, 58, 786 units at Rs 100 each.
SEBON is expected to approve Api Power’s upcoming 1:2 right share issue at any time after all paperwork is finalized. The company has received an ICRA Rating of Grade 4 for the rights issue.
Shareholders have until Ashad 30, 2073 to apply for Karnali Dev. Bank's 50% right share issue, extending the expiry from Baisakh 14, 2073. The bank’s last traded price remains at Rs 241 as of June 19, 2016.
Sagarmatha Finance Company Limited is convening its 10th AGM today (Ashad 3, 2073) at 10:00 AM, where it will approve a 15.85 % bonus and an 80 % right share for shareholders holding shares before Jestha 20. The shareholder register closed from Jestha 21, 2073 until today, so only those with shares before that date are entitled to the bonus.
Shareholders holding shares until Ashad 14, 2073 are eligible for the 20% stock dividend announced by Bhargav Bikas Bank. The AGM will convene on Ashad 25, 2073 at 11:00 AM in Nepalgunj.
Prudential Insurance will hold its 4th AGM today, Ashad 2, 2073, at 3 PM to endorse a 10% stock dividend. Shareholders who own shares as of Jestha 17 are the only ones entitled to the bonus.
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