In the AGM, the bank will endorse a proposal of distributing 66.67 percent bonus shares and 14.04 percent cash dividend. Moreover, the bank is set to restructure the ratio of its promoter and general shareholders to 51:49.
The company is closing its book on December 29 for the AGM purpose, thus, the shareholders registered in its book by December 28 will be eligible to participate in the AGM.
Nirdhan Utthan has a current paid-up capital of Rs 600 million which will reach above Rs 1 billion after the bonus share distribution.
