Kathmandu, March 5
Laxmi Bank Limited has decided to offer 25 percent right shares, besides 15 percent bonus shares it had pledged to the shareholders from the net profit it posted in the last fiscal year 2069/70.
A meeting of the Board of Directors of the commercial bank held today took the decision to offer the right shares to raise its paid-up capital, an official at the bank said.
A meeting of the Board of Directors of the commercial bank held today took the decision to offer the right shares to raise its paid-up capital, an official at the bank said.
The source further informed that the bank is also planning to hold its upcoming Annual General Meeting within March.
The bank had posted net profit of Rs 45 crore last fiscal year 2069/70.
After the adjustment of both 4:1 ratio Right Shares and the 15% bonus shares the bank paid up capital will soar up from Rs 1.694 billion to Rs 2.371 billion.
