Prime bank to distribute 19% dividend
Jan. 14, 2016, 10:23 a.m.
Kathmandu January 14- Prime commercial banks has endorsed the proposal to distribute 18% bonus share and 0.95% cash dividend to its shareholders. AGM held on Wednesday endorsed the proposal to distribute such dividend to its shareholders.
Similarly, AGM also endorsed the proposal to increase its authorized capital to Rs. 10 billion from 5 billion and issue capital to Rs. 4 billion 940 million.
Likewise, AGM has approved to issue 3:1 right shares to its shareholders on the paid up capital after distribution of bonus share.
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