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Forward Microfinance has decided to give 13.30 percent bonus shares to its shareholders.
The decision was taken at the 12th Annual General Meeting of the organization held on Friday in Sunsari.
The meeting passed the annual report of the financial year 2080/081 presented by the chairman of the organization, Keshavraj Paudel, on behalf of the board of directors.
Through the same meeting, the organization has informed through a statement that it has approved the decision to distribute 0.70 percent dividend for bonus shares and tax adjustment purposes.
It is said that after the distribution of bonus shares, the paid-up capital of the financial institution will be 1 billion 195 million rupees.
