NEPSE Adjusts Stock Price of Siddhartha Bank

Oct 16, 2019 11:09 AM Merolagani

Nepal Stock Exchange (NEPSE) has adjusted the stock price of Siddhartha Bank (SBL) after the announcement of 10 percent bonus share. The bank closed its book on Wednesday for the upcoming AGM.

The stock exchange has adjusted the stock price at Rs 307.27 after adjusting 10 percent stock dividend.

The bank is conducting its AGM on October 24 in Army Officers Club, Bhadrakali, Kathmandu at 11:00 AM.

The meeting is scheduled to endorse a proposal of distributing 10 percent stock and 15.26 percent cash dividend to the shareholders.

Moreover, the meeting has listed a special agenda of merger and acquisition of potential BFIs. For this, the meeting will delegate authority to BOD to forward the process.

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