Shangri-la Development Bank Limited (SADBL) has announced the listing of 27,36,972.42 unit bonus shares on the NEPSE exchange.
The Shangri-la Development Bank had its 17th Annual General Meeting (AGM) for the fiscal year 2077-2078 on Kartik 16, 2078, presided over by its chairman. AGM accepted the board’s proposal to issue 10% bonus shares and a 0.5263 percent cash dividend of Rs 1.44 crore to the company’s shareholders from the profit produced in fiscal year 2077/78, in addition to the normal agenda items.
On the NEPSE platform, the identical bonus shares are now traded. Starting tomorrow, these shares will be accessible for trading. SADBL’s ordinary shares closed at Rs. 321 last week.