Unique Finance-11.5% bonus share & Summit Micro- 26% bonus & 12.95% cash dividend

Unique Finance Ltd has proposed 11.5 percent bonus share and cash dividend to cover the tax on that for the last fiscal year 2070/71.A meeting of Board of Directors of the finance company on Friday took the decision to this effect.
Summit Micro Finance Development Bank has proposed 26 percent bonus shares and 12.95 percent cash dividend to the shareholders from the net profit it posted in the last fiscal year. A BOD meeting of the company held on Thursday had proposed the dividend, according to the company.

It may be noted that the dividends pledged by the companies are, however, subject to the approval of Nepal Rastra Bank and their upcoming Annual General Meetings.

Meanwhile, Nepse has decided to convert 19 percent of promoter shares of Grand Bank Nepal Ltd, and the converted shares are already tradable through public window.-SSN