NEPSE adjusted the stock price of Prabhu Bank at Rs 230.17.
The bank has called out its 18th AGM on November 22. The board of directors meeting of the bank held on November 1 decided to call the AGM in the head office of the bank at Babarmahal, Kathmandu at 2:00 PM.
The meeting is endorsing a proposal of distributing 16 percent stock dividend and 0.8421 percent cash dividend for tax purpose to its shareholders.
Moreover, the meeting will delegate authority to BOD to forward merger/acquisition process with suitable partners and amend its article of association to maintain its promoter and ordinary shareholders ratio to 51:49.
Presently, the bank has paid-up capital of Rs 8.89 billion that will reach Rs 10.31 billion after the bonus share distribution.
