NEPSE Adjusts Stock Price of Janautthan Laghubitta

Jul 03, 2019 11:37 AM Merolagani

Nepal Stock Exchange (NEPSE) has adjusted the stock price of Janautthan Samudayic Laghubitta on July 3. The stock exchange adjusted the price of Janautthan after book close for upcoming AGM.

NEPSE adjusted the stock price at Rs 1,090.91 with a base average price of Rs 1,264.20.

The company is conducting its 8th AGM on July 15.The AGM is scheduled to endorse a proposal of distributing 20 percent bonus share and cash dividend worth Rs 303,000 for tax purpose.

Moreover, the meeting will delegate authority to BOD to forward the merger/acquisition process with a potential partner and increase issued capital to Rs 300 million from existing Rs 100 million.

The company is issuing 100 percent right shares from June 27. After the right issue and bonus share distribution, the paid-up capital of the company will reach Rs 63.3 million.

The AGM will also endorse a proposal of issuing 1:2 right share of the paid-up capital maintained after the right and bonus share.

 


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