Gandaki Bikas Bank announces 19.31% bonus to shareholders; Right shares also eligible for bonus

As per the notice published in Nepse, 202nd BoD meeting of Gandaki Bikas Bank has proposed 19.31% bonus shares to shareholders.

The proposed bonus is from the accumulated profit as of FY 2073/74 . Shares worth Rs  44.50 crores i.e.19.31% of the capital after right issue (Rs 2.30 arba ) will be distributed. The decision is subject to approval from NRB and company's upcoming AGM. The right shares will also be eligible for the proposed bonus share. 

Company had a paid up capital of Rs 2.30 arba after 25% right issue, which will rise to Rs 2.75 arba after the issuance of proposed bonus. Gandaki Bikas Bank is a national level development bank, formed after the merger between Fewa Bikas Bank and Gandaki Bikas Bank. 

GDBL was last traded for Rs 228 in the stock exchange.