Nepal Bank (NBL) Approves Bonus and Dividend after 23 Years!

DIVIDEND:

Nepal Bank (NBL), the first commercial bank of Nepal, has approved bonus shares and dividend for shareholders after more than two decades.

The 60th annual general meeting (AGM) held yesterday on 25 Paush 2076 has approved to distribute its shareholders a net 25% including 15% bonus shares and 10% cash dividend including tax.

The price for 15% bonus shares is already adjusted to Rs 275.65 on 13 Paush 2076 and 10% cash dividend is now getting sent to the shareholders account.

Currently its paid up stands at Rs. 9.81 arba and its capital will be Rs 11.28 after the adjustement.

Check the DETAILS HERE:

NBL FPO at Rs 280 Best Opportunity for Portfolio Add !

FPO:

After much wait, Nepal Bank Limited (NBL) is issuing its Further Public Offering (FPO) to the general public. The bank is issuing a total of 1,76,84,858 unit shares as FPO at a face price of Rs 280 per unit share. The bank created many controversies when it had announced to issue FPO as the bank was unable to comply with the guidelines of Securities Registration and Issue Regulation, 2073. People were unsure whether the bank would be able to issue FPO or not. However, the commercial bank is now issuing FPO after gaining approval from all the regulatory bodies.

Issue Synopsis:
Company Name                       : Nepal Bank Ltd (NBL)

No of Shares Issued               : 1,76,84,858 units

Amount to be Collected        : Rs 4,95,17,60,240

Issue Manager                          : Siddhartha Capital Ltd

The interested applicants can make their applications through any of the financial institutions providing C-ASBA facility. The application can made for minimum of 50 unit shares and a maximum of all up to 1,76,84,858 unit shares.

After the new decision being made by the Securities Board of Nepal (SEBON), the institutional applicants can thus apply for the FPO share from the first day as well. The issue is now open, starting from Friday yesterday June 29th 2018 (Ashadh 15, 2075) initially for about a week lasting till this Thursday July 5th 2018 (Ashadh 19, 2075).

Check here for Details »

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