Standard Chartered to Distribute 35% Bonus Share

December 16: Standard Chartered Bank Nepal is distributing 33.33 per cent bonus share and 1.75 per cent cash dividend to its shareholders. The annual general meeting of the bank held on December 15 has approved the proposal of the bonus share forwarded by its board of directors.

On the occasion, the bank informed of issuing further public offering (FPO) of Rs 3.30 billion so that to reach the Rs 8 billion minimum paid-up capital cap as per the directive of NRB.