NEPSE has adjusted the stock price at Rs 138.39 with a base average price of Rs 156.54.
Deva Bikas closed its book on June 21 for the upcoming AGM. The bank is conducting 12th AGM on June 27 in Nepal Police Club, Bhrikutimandap, Kathmandu at 11:00 AM.
The meeting will endorse a proposal of acquiring Western Development Bank with a swap ratio of 1:1. Moreover, the meeting will endorse a proposal of distributing 5.5 percent stock dividend to its shareholders.
Similarly, the AGM will delegate authority to BOD to forward merger or acquisition process with other BFIs or bring in a foreign strategic partner.
Meanwhile, Western Development Bank has also called out its AGM on the same day in Hotel City Dang.
