NEPSE adjusts stock price of Salt Trading Corporation

Mar 10, 2019 Merolagani

Nepal Stock Exchange (NEPSE) has adjusted stock price of Salt Trading Corporation (STC). The stock exchange adjusted the price after announcement of 25 percent bonus share.

NEPSE has adjusted the stock price at Rs 400.80 with an average base price of Rs 317.90.

Salt Trading is conducting its 52nd AGM on March 25 at 11:00 AM. The meeting will endorse a proposal of distributing 25 percent stock and 10 percent cash dividend to its shareholders.

Similarly, the meeting will endorse 7 board members.

The company closed its book on March 8 for the AGM, thus, the shareholders registered in its book till March 7 are eligible to attend the AGM and obtain the announced dividend.

 Presently, the company has a paid-up capital of Rs 122.7 million that will reach Rs 153.4 million after the bonus share distribution.

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