A total of 18,55,211 unit bonus shares of Arun Kabeli Power Limited (AKPL) have recently been listed on the Nepal Stock Exchange (NEPSE). The listing comes after the company’s 12th Annual General Meeting (AGM) held on the 30th of Kartik, where a dividend of 10.5263% for the fiscal year 2078/79 was approved. The board of directors, during a meeting on Kartik 06, decided to distribute this dividend based on the paid-up capital, which stands at Rs. 1.85 Arba.
The proposed dividend consists of 10% bonus shares valued at Rs. 18.55 Crores and a cash dividend of 0.5263% amounting to Rs. 1.05 Crores. These bonus shares are now officially listed on the NEPSE, making them available for trading.
As of the current writing, the Last Traded Price (LTP) of AKPL stands at Rs. 227.50. Investors and shareholders will be able to trade the newly listed bonus shares on the exchange, reflecting the company’s distribution of profits among its shareholders for the specified fiscal year.