KATHMANDU, Nov 20: The 10th Annual General Meeting (AGM) of Muktinath Development Bank Ltd held in Pokhara has decided to distribute 34 percent stock dividends to its shareholders.
Issuing a statement, the development bank said its paid-up capital of bank will reach Rs 1.54 billion after the distribution of bonus shares and 50 percent rights issue.
The development bank also plans to launch another 40 percent rights issue.
Similarly, the AGM has also directed the development bank's board to start the process for merger/acquisition and to increase the paid-up capital to Rs 2.15 billion.
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