Civil Bank announces 10.25% bonus share for shareholders ; LTP Rs 159

The 248th Board meeting of Civil Bank held on 21st Jestha has proposed 10.25% bonus share almong with 0.54% cash dividend. The proposed dividend is however subject to approval fom central bank and company's upcoming AGM. 

The company has proposed bonus share worth Rs 74.40 crores and cash for tax purpose. The right share holders will also be eligible for the dividend. 

The company had a paid-up capital of Rs 7.25 arba, which will hike to over 8 arba meeting the paid-up requirement. 

Civil Bank was last traded for Rs 159 in the stock exchange.