The bank will endorse a proposal of distributing 10 percent stock dividend to its shareholders. Moreover, the bank will restructure its share ownership through the AGM. The bank is planning to maintain 51 percent promoter shares from the existing 54.35 percent.
Similarly, the meeting will also delegate authority to BOD to forward merger/acquisition with suitable partners.
In this regard, the bank will close its book from January 13, thus, the shareholders registered in its book till January 12 will be eligible to attend the AGM and obtain the announced dividend.
