Bagmati Development Bank Proposes 15% Bonus Shares

As per the information received by NEPSE  Bagmati Development Bank Ltd. has proposed 15%Bonus Shares and 0.79% Cash Dividend (for Tax Purpose) to their Shareholders which is  subject to approval from NRB and its upcoming AGM.

Bonus Share of DDBL

DDBL's adjusted price for 50% bonus share is Rs. 1533 and its average base price is Rs.1112

Demat Compulsory from January 15

The Securites Board of Nepal (SEBON) has directed NEPSE and CDS and Cearing Ltd. (CDSCL) to trade only demateralised shares in NEPSE which means the undemateralised shares will not be traded from January 15. Demateralisation is the process of converting physical shares into electronic format. Currently 119 listed companies are trading demateralised shares in Nepse.

After all the shares are demateralised, Nepse will be able to implement T+3, under which all payments have to be settled within 3 days of share trading. This will help to increase the transaction volume in the market which is considered to be fruitful to Nepalese Capital Market.