A total of 684,454.11 units of bonus shares issued by Reliance Finance Limited (RLFL) have been officially listed on the Nepal Stock Exchange (NEPSE).
This action follows RLFL’s 13th Annual General Meeting, which took place on the 31st of Ashad, where shareholders approved a dividend payout of 6.84% for the fiscal year 2078/79. The decision to distribute this dividend was made during a board of directors meeting held on Jestha 26. The dividend is based on the paid-up capital of the company, which stands at Rs. 1.05 Arba. The dividend includes 6.5% in bonus shares, valued at slightly over Rs. 6.84 crores, as well as 0.34% in cash dividend, which also accounts for taxes, amounting to Rs. 36.02 lakhs.
These bonus shares have now been officially listed and are available for trading on the NEPSE. In the most recent trading session, RLFL concluded at a price of Rs. 311 per share.