Tinau Development Bank to endorse 18 % bonus share & 25% right share

Butwal-based Tinau Development Bank Limited (TNBL)  is going to hold its 9th AGM (Annual General Meeting) on Ashwin 18, 2072. AGM will be held at Butuwal Udhyog Banijya Sangh at 9 AM.

The main agendas of the AGM are:

•    The AGM is expected to endorse 18 % bonus share and 0.9473 % cash dividend  for tax purpose  as proposed by the BoD of the bank.

•    To increase authorized capital, issued capital and paid of capital.

•    To approve right shares in the ratio 4:1

•    To endorse the decision made by 6TH AGM  regarding merger

Other agendas of the AGM are the financial highlights of 2071/72, appointment of auditors,  to elect 4 BOD members from promoter shareholders and to endorse ditector,from public shareholder, appointed by BOD.- SSN

Tinau Development Bank announced 18% bonus shares

Tinau Development Bank Ltd has announced 18 percent bonus shares to its shareholders.
Issuing a statement, the Butwal-based development bank said that its board meeting held recently took a decision to distribute 18 percent bonus shares and 0.95 percent cash dividend for tax purpose from the profit it earned in Fiscal Year 2014/15.
The decision of the development bank, however, is subject to approval of the Nepal Rastra Bank and the upcoming annual general meeting of the bank. - Republica

Tinau Bikas Bank pledged 15% bonus share & 0.79% cash; Gaumukhee Bikas Bank proposed 4% bonus & 8% cash

Tinau Bikas Bank Limited has pledged 15 percent bonus share and 0.79 percent cash dividend for the tax purpose to its shareholders from the profit it posted in the last fiscal year 2070/71.

NEPSE SKID BY 0.29 POINTS; NBB AND NCCB WITH HEFTY TURNOVER

The benchmark Nepse index today skid by 0.29 points after investors took cautions in their approach.

Failure of round table talks between government, HPLC and 33 party alliances today made the investors reconsider in their holding approach resulting in profit booking from the investors.

Nepse Wrap up (Review period 4th Aug to 8th Aug, 2013)

The joyful and exciting bullish ride of the market came to halt this week as the secondary market of Nepal found itself in wait and watch condition.

Following more than 50 points surge within one month time, the investors were in a row to book their profit between the levels of 440 to 450 leading to a sluggish market scenario.

NEPSE tumbles by 5.68 pts to 540.87

As the market has been observing back gear movement since past few days, the investors’ are anticipating for a correction at this stage before market starts to rally in the future date.

Such expectation and sentiment in the market today lured the maximum numbers of investors in profit booking their position before further decline leading to a downfall of local bourse by 5.68 points.