Last day to secure dividend of Excel Development Bank

Mar 19, 2020 11:29 AM Merolagani

Today is the last day to secure a dividend of Excel Development Bank (EDBL). The bank is closing its book from March 20 for its upcoming AGM, thus, the shareholders registered in its book till March 19 will be eligible to attend the AGM and obtain the announced dividend.

The bank is conducting its AGM on April 2 in Hotel Holiday Inn, Birtamod, Jhapa at 11:00 AM.

The meeting will endorse a proposal of distributing 17.10 percent stock and Rs 6.2 million in cash dividend for tax purpose to its shareholders.

Moreover, the meeting will approve a proposal of issuing 30 percent right share and delegate authority to BOD to forward merger/acquisition with suitable partners.

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