Jyoti Bikas Bank has converted big amount of promoter shares into public shares.
As per notice in the Nepse, 13,44,531.29 units promoter shares of has been converted into Public(ordinary) Shares. Now, Capital structure of the bank is 55:45 between promoters & public.
It had distributed 8.40% cash dividend to shareholders from the income of FY2074/75.
It is recently merged with Hamro Bikas Bank Limited under the Swap ratio of 1:1. Joint transaction will be under the name of Jyoti Bikas Bank Limited.
