Kathmandu. NRN Infrastructure and Development Company has declared dividend to its shareholders. The meeting of the Board of Directors of the company held on Tuesday has declared 42.105 percent dividend from the profit of the last FY.

The company has proposed 40% bonus share and 2.105% cash dividend for tax purposes. The proposal will be approved by the AGM on December 19.

The meeting has proposed to establish a fund manager company as a subsidiary company with at least 51 percent ownership for the purpose of managing specialised investment fund and delegate authority to the Board of Directors to carry out necessary works in this regard.

Similarly, as per the decision regarding right shares approved by the AGM of last year, the issue of right shares has not been done so far and the proposal is proposed to amend the proposal to issue 100 percent (1:1) right shares of the paid-up capital to be maintained after the issuance of bonus shares as per the special proposal no. (1) and delegate authority to the Board of Directors to carry out necessary works in this regard.