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Makar Jitumaya Suri Hydropower Proposes 13% Bonus Share and 0.68% Cash Dividend

ShareSansar •
December 15, 2016 • 10:55 AM
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|| ShareSansar || Makar Jitumaya Suri Hydropower Limited has declare dividend to its shareholders from the profits accumulated up to the fiscal year 2082/83. The company’s board of directors finalized this decis...

Makar Jitumaya Suri Hydropower Proposes 13% Bonus Share and 0.68% Cash Dividend

Makar Jitumaya Suri Hydropower Limited has declare dividend to its shareholders from the profits accumulated up to the fiscal year 2082/83.

The company’s board of directors finalized this decision during a meeting held on Kartika 15, 2083 BS. According to the decision, the company will issue 13% bonus shares based on its current paid-up capital of Rs 76 crore. This bonus amount is at Rs 9.88 crore.

To cover the mandatory tax costs associated with the bonus share distribution, the board has also proposed a 0.6842% cash dividend, amounting to Rs 52 lakh.

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