NEPSE Adjusts Stock Price of  IME Life Insurance

May 27, 2024 08:05 AM Merolagani

Nepal Stock Exchange (NEPSE) has adjusted the stock price of IME Life Insurance (ILI) on May 27 following its book close for upcoming AGM.

On the day, NEPSE adjusted the stock price at Rs 448 after adjusting 25 percent stock dividend. The last trading price of the stock was Rs 560 on May 26.  

The company is conducting its 7th annual general meeting (AGM) on June 10 in Amrapali Banquet Catering and Events Pvt. Ltd., Bhatbhateni, Naxal, Kathmandu at 11 am.

The meeting will endorse a proposal of distributing 25 percent stock and 1.31 percent cash dividend to its shareholders.

Moreover, the meeting will delegate authority to BOD to amend article and memorandum of association, approve appointment of promoter directors, elect a director from ordinary shareholders and appoint an auditor.

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Commercial Banks Cut Interest Rates, Again

Jul 15, 2024 09:22 AM

Commercial banks have published new interest rates for the upcoming month of Shrawan. As per the published notices, the average interest rates of the banks have declined for the upcoming month as well