NEPSE adjusts stock price of Butwal Power (BPCL) at Rs 399.09 with an average base price of Rs 527.55 after 10 percent bonus share announcement.
Butwal Power is conducting its 26th AGM on January 11 in Karki Banquet, Babarmahal, Kathmandu at 10:00 AM.
The meeting is supposed to endorse a proposal of distributing 18 percent cash and 10 percent stock dividend to its shareholders. Moreover, the meeting will approve the financial reports of the last FY, appoint auditor for the current FY, elect four directors including two independent and two directors from general shareholders (one female director) and amend article of association.
Similarly, NEPSE adjusts stock price of Saptakoshi Development Bank (SKDBL) at Rs 120.39 with an average base price of Rs 143.69 after 3 percent bonus share announcement.
Saptakoshi Development Bank is conducting its 6th AGM on January 12 in Udhyog Sangathan, Morang, Biratnagar at 10:30 AM.
The meeting is supposed to endorse a proposal of distributing 3 percent stock dividend worth Rs152.55 million and 5.036 percent cash dividend worth Rs 256.1 million including tax to its shareholders. Moreover, the bank will delegate authority to BOD to identify potential merger or acquisition partner and carry out any required procedure as per regulatory bodies.
Presently, the bank has a paid-up capital of Rs 508.51 million. After the bonus share distribution, the paid-up capital will reach Rs 523.76 million.
