Kathmandu. Norvic International Hospital and Medicut College is going to issue an IPO of 20 percent of the issued capital. A meeting of the board of directors of Norvic Hospital held on August 14 submitted a proposal to bring 20 percent dividend of the issued capital.

Similarly, Norvic has offered a total dividend of 42÷105 percent including 40 percent bonus shares and 2.105 percent cash for tax purposes from the profit of the last fiscal year 2081÷82.

The hospital has convened its annual general meeting at Thapathali, Kathmandu at 12:30 pm on September 12 to pass the proposed dividend. The meeting will determine the annual report of the Board of Directors for the fiscal year 2081÷82, the auditor’s report, the appointment of auditor for the current fiscal year 2082÷83 and the remuneration.