Kasthamandap Devt Bank to Issue 23% Bonus Share

March 7: Kasthamandap Development Bank has announced to distribute 23.37 per cent bonus shares to its shareholders. The bank approved a proposal of distributing the bonus share in the 9th annual general meeting on March 3. In the AGM, Jagan Nath Gyawali, Chairman of Board of Directors of the bank presented the annual report of the bank.

Currently, the bank is in the acquisition process with Kumari Bank. In this regard, the AGM also approved 1:0.85 share swap ratio set as per the Due Diligence Audit (DDA) of the bank.