Infinity Laghubitta Bittiya Sanstha Limited (ILBS) has recommended a dividend of 29.16 percent for the fiscal year 2077/78, according to the company.
Following the publication of a notice in the NEPSE, the business has proposed a 27.7 percent bonus share and a 1.46 percent cash dividend on its common stock. It is worth somewhat more than Rs. 8.99 crores to buy the bonus shares, and the cash dividend is worth Rs. 47.32 lakhs to cash out the dividend.
The decision made by the company’s Board of Directors at its 73rd meeting is subject to approval by Nepal Rastra Bank and the company’s next Annual General Meeting. On the last trading day of the previous week, ILBS closed at Rs. 1,804 per share.