The stock exchange adjusted the stock price at Rs 321.37 after adjusting the proposed 17 percent stock dividend.
First Microfinance is conducting its 10th AGM on October 15 in Amprapali Banquet, Bhatbhateni at 10:00 AM.
The meeting is supposed to endorse a proposal of distributing 17 percent stock and 0.8947 percent cash dividend for tax purpose to its shareholders.
The company will distribute Rs 110.3 million in bonus share plus cash dividend worth Rs 122.4 million for tax purpose. After the bonus share distribution, its paid-up capital will reach Rs 800.7 million.
