The meeting will endorse a proposal of acquiring Kailash Bikas Bank with a swap ratio of 100:94. Moreover, the meeting will approve a proposal of distributing 16 percent stock dividend.
In this regard, the bank will close its book on December 30, thus, the shareholders registered in its book till December 29 will be eligible to attend the AGM and obtain the announced dividend.
Presently, the bank has a paid-up capital of Rs 9.68 billion, that will reach Rs 11.23 bilion after the bonus share distribution.
