Salt Trading to distribute bonus share

KATHMANDU: Salt Trading Corporation Limited (STC) is preparing to distribute the 25% bonus shares to Demat accounts of investors.

This is the 25% bonus shares distributed as a dividend for the fiscal year 2075-76. The company had distributed 25% bonus shares and 10% cash dividend from the profits of FY 75/76.

If investors have dematerialized their shares, they will receive their shares directly online. Thus, investors are requested to dematerialized their shares if they have not done so yet.

Furthermore, if eligible investors had taken a loan against the shares of the companies before the book closure date, they should present a No Objection Letter from their lending institution in order to receive the dividend.

The same bonus shares are already listed in NEPSE. As of writing, STC has an LTP of Rs. 8,499.