NEPSE Adjusts Stock Price of Sunrise Bank

Oct 18, 2019 11:51 AM Merolagani

Nepal Stock Exchange (NEPSE) has adjusted the stock price of Sunrise Bank (SRBL) after book close for the upcoming AGM.

The stock exchange adjusted the stock price at Rs 217.27 after adjusting 10 percent stock dividend.

The bank closed its book today for its upcoming 12th AGM, thus, the shareholders registered in its book till yesterday, October 17,  will be eligible to attend the AGM and obtain the announce dividend.

Sunrise Bank is conducting its 12th AGM on November 1 in Naxal Banquet, Naxal, Kathmandu at 10:00 AM.

The meeting is scheduled to endorse a proposal of distributing 15.80 percent dividend including 10 percent stock and 5.80 percent cash dividend to the shareholders.

Moreover, the meeting has listed a special agenda of merger and acquisition with potential partners. The meeting will delegate authority to BOD to forward the process.

The paid-up capital of the bank will reach Rs 8.96 billion after the bonus share distribution.

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