Dividend of Mega bank endorsed by AGM, also issuing 25% of right shares

Kathmandu January 11- AGM of mega bank ltd has endorsed the 10% bonus share and 0.56% cash dividend for tax provision proposed by the BOD earlier.

5^th AGM held on Sunday has decided to distribute 10% bonus share from the net profit earned during last FY. Bank has also decided to issue 25% right shares to its shareholders. AGM has also approved merger with Pachimanchal bank. Bank is issuing 4:1 right shares of the paid up capital totaling up after the merger of the banks. Mega bank and Pachimanchal development banks are going to have 104.25:67 shares in their respective proportion.

AGM has also endorsed authorized capital to increase to  Rs. 10 billion from 4 billion, issue capital to increase Rs. 4 billion 50.7 million from Rs.  2 billion 609.6 million and paid up capital increase to Rs. 4 billion 50.7 million from Rs. 2 billion 609.6 million.