Siddhartha Bank proposes 14% stock dividend; paid-up to reach 7.78 arba

The BoD meeting held on 4th January, 2018 (20th Poush, 2074) has proposed a stock dividend of 14% to its shareholders. The company will distribute a stock dividend worth Rs 95.56 crores out of the profit generated in the year 2073/74. The decision is subject to approval from central bank and company's upcomng AGM. 

Siddhartha Bank currently has a paid-up capital of Rs 6.82 arba. The paid-up capital will hike to Rs 7.78 arba after the capitalization of bonus shares. The company will float 10% right share thereafter.SBL will thus meet the paid up capital requirement for commercial bank.   .   

Siddhartha Bank was last traded for Rs 355 in the stock exchange.