NEPSE adjusted the stock price of Nyadi Group Power (NGPL) following its book close for upcoming right share and National Laghubitta Bittiya Sanstha following its book close for upcoming AGM.
On the day, NEPSE adjusted the stock price of National Laghubitta at Rs 1,355 after adjusting 14.25 percent bonus shares. The last trading price of the stock was Rs 1,549 on December 2.
National Laghubitta Bittiya Sanstha (NMFBS) is conducting 11th annual general meeting (AGM) on December 9 in Arniko Party Palace, Banepa at 11 am.
The meeting will endorse a proposal of distributing 15 percent dividend including 14.25 percent stock and 0.70 percent cash dividend for tax purposes to its shareholders.
Similarly, the meeting will approve a proposal of issuing 765,377 units ordinary shares to public at premium to maintain 70:30 ratio of promoter and ordinary shareholders. Moreover, the meeting will delegate authority to BOD to carry out the task.
Similarly, NEPSE adjusted the stock price of Nyadi Group Power at Rs 289 after adjusting 100 percent right shares. The last trading price of the stock was Rs 478 on December 2.
Nyadi Group Power is issuing 1:1 right shares worth Rs 1.85 billion to its existing shareholders. Accordingly, it will issue 18,512,792.225 units of right shares at a face value of Rs 100 per unit.
