KATHMANDU, NOVEMBER 29

Mahalaxmi Bikas Bank Limited (MLBL) has proposed a 21.0526 per cent dividend for the fiscal year 2077/78.

The meeting of the board of directors held on Sunday decided to distribute the dividend. The development bank maintains a paid-up capital of Rs 3,34 billion.

20 per cent bonus shares amounting to Rs 66.84 crores and 1.0526 per cent cash dividend (including rax) worth Rs 51.83 lakhs have been proposed.

However, the proposed dividend is subject to approval by the central bank and endorsement by the company's upcoming Annual General Meeting (AGM).

As of Monday, MLBL has an LTP of Rs 617.4.