12% dividend of Manjushree Finance approved by NRB

Kathmandu December 21- NRB has approved 12% dividend proposal of Manjushree financial institution Ltd. Earlier, BOD of Manjushree finance had proposed to distribute 11.5% bonus share and 0.6% cash dividend for tax provision to its shareholders.

Now, the proposed dividend is subjected to approval from its AGM before it could be distributed among the shareholders.

The existing paid up capital of Rs. 225 million will reach Rs. 251.1 million once the bonus share is distributed.