NEPSE adjusts stock price of two companies

Dec 01, 2019 10:17 AM Merolagani

Nepal Stock Exchange has adjusted the stock price of Swarojgar Laghubitta and Himalayan Distillery after their book close for the upcoming AGMS.

The local bourse adjusted the stock price of Swarojgar Laghubitta at Rs 481.25 after adjusting 26.75 percent stock dividend.

The company is conducting its 11th AGM on December 14 in Kayastha Banquet, Banepa at 10:30 AM.

The meeting will endorse a proposal of distributing 26.7520 percent stock and 1.41 percent cash dividend to its shareholders.

Moreover, the meeting will delegate authority to BOD to forward merger/acquisition process, issue 100 percent right shares of the paid-up capital maintained after merger/acquisition and amend article of association and memorandum of association.

Presently, the company has a paid-up capital of Rs 269.5 million that will reach Rs 341.6 million after the bonus share distribution.

Similarly, NEPSE adjusted the stock price of Himalayan Distillery (HDL) at Rs 1,166.67 after adjusting 50 percent stock dividend .

Himalayan Distillery is conducting its 19th AGM on December 17 in Lipinwarta, Parsa at 10:00 AM.

The AGM is supposed to endorse a proposal of distributing 50 percent stock and 52.63 percent cash dividend including tax.

The meeting will also appoint an auditor and amend its article of association and memorandum of association regarding capital growth.

Presently, the company has a paid-up capital of Rs 385.6 million that will reach Rs 578.4 million after the bonus share distribution.


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