NEPSE Adjusts Stock Price of Machhapuchchhre Bank

Sep 27, 2019 11:23 AM Merolagani

Nepal Stock Exchange (NEPSE) has adjusted the stock price of Machhapuchchhre Bank (MBL) following the book close for its upcoming AGM.

The local bourse adjusted the stock price at Rs 231 after the adjustment t of 5 percent stock dividend.

The bank is conducting its 21st AGM on October 11 in Hotel Pokhara Grand, Pokhara, Kaski at 11:00 AM.

The AGM is supposed to endorse a proposal of distributing 5 percent stock and 11 percent cash dividend to its shareholders.

Moreover, the meeting will delegate authority to BOD to forward the merger/acquisition process, appoint foreign strategic partner and amend Article of Association and Memorandum of Association as per the directives of regulatory bodies.

 


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