Kathmandu. Sanima Bank Limited is going to close the book for buying and selling of shares one day on November 30. The bank has convened its 16th annual general meeting to pass a special resolution to distribute bonus shares worth Rs 881.38 million at the rate of 10 percent.

Accordingly, the existing shareholders who have traded in Nepse till November 29 will be able to participate in the meeting and also receive the dividend distributed by the bank. The meeting will also pass proposals to distribute 3.60 percent cash dividend, including for dividend tax purposes, to authorize the board of directors to do all the work related to mergers and acquisitions, and to amend the management letter and rules.

At present, the paid up capital of the bank is Rs. 8 billion 80 million 13 million 80 thousand 984. After the distribution of bonus shares, the bank's paid-up capital will reach Rs 9.68 billion 15.19 million.