Nepal Investment Bank Limited (NIB) has proposed 40% bonus shares for its shareholders.
As per the information received, the meeting of the BOD which was convened at 5 PM yesterday has proposed 18% bonus shares and 22% cash dividend for the FY 2074/75.
The decision is subject to approval from the Rastra Bank and upcoming AGM of the bank.
After the adjustment of 18% bonus shares, the paid-up capital of the bank will reach Rs 12.56 arba.(source)