Mega Bank's 10th AGM passed 13.05 percent dividend

Jan Wed 2021 07:29:49

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Mega Bank's 10th AGM passed 13.05 percent dividend

Kathmandu. Mega Bank Nepal Limited has passed 13.05 percent dividend including bonus shares for the shareholders. The tenth annual general meeting of Mega Bank held in Kathmandu on Wednesday passed a dividend of Rs 1.73 billion, which is 13.05 percent of the existing paid-up capital, out of the accumulated profits and distributable amount till the fiscal year 2076-77 BS.

Out of that, 10 percent of the paid-up capital will be Rs 1.33 billion 22,69,541.61 paise bonus shares and 3.05 percent will be 406,342,210 rupees 19 paise cash dividend passed by the general meeting. .

The General Assembly has authorized the Board of Directors to form a merger committee as per the need, to reach an understanding, to appoint an appraiser and to determine the share exchange ratio as per the merger or acquisition.