Mountain Energy Nepal Limited (MEN) and Mahalaxmi Bikas Bank Limited (MLBL) have listed their bonus shares on the Nepal Stock Exchange (NEPSE).
MEN has listed 33,94,846.58 unit bonus shares. The company held its 11th Annual General Meeting (AGM) on January 12, 2025, where it approved a dividend of 15.7895% for the fiscal year 2020/21. The board of directors proposed 15% bonus shares and a 0.7895% cash dividend (for tax purposes). These bonus shares are now available for trading on NEPSE. As of now, MEN’s Last Trading Price (LTP) is Rs. 582.95.
Similarly, Mahalaxmi Bikas Bank has listed 12,51,395.58 unit bonus shares. The bank held its 23rd AGM on January 13, 2025, and approved a dividend of 7% for the fiscal year 2020/21. The board proposed 3% bonus shares worth Rs. 12.51 crore and a 4% cash dividend worth Rs. 16.68 crore (for tax purposes). These bonus shares are now listed on NEPSE. Currently, the LTP of MLBL stands at Rs. 407.90
