The local bourse adjusted the stock price of Laxmi Bank (LBL) at Rs 198.18 after adjusting 10 percent stock dividend. Laxmi Bank is conducting its 19th AGM on December 22. The AGM will endorse a proposal of distributing 10 percent stock and 5 percent cash dividend.
Presently, the bank has a paid-up capital of Rs 8.92 billion that will reach Rs 9.81 billion after the bonus share distribution.
Similarly, NEPSE adjusted the stock price of Muktinath Bikas Bank (MNBBL) at Rs 265.31 after adjusting 17.60 percent stock dividend.
The bank is conducting its 13th AGM on December 16 in Hotel Grand Pokhara, Pokhara at 11 AM.
In the AGM, the bank is scheduled to endorse a proposal of distributing 17.60 percent stock and 0.93 percent cash dividend (for tax purpose) of the paid-up capital maintained after 20 percent right issue.
Moreover, the AGM will endorse a proposal regarding raise in authorized, issued and paid-up capital and amendment in the memorandum of association (MOA) and articles of association (AOA). Moreover, the meeting will delegate authority to BOD to forward a merger/acquisition procedure.
Presently, the bank has a paid-up capital of Rs 3.67 billion that will reach Rs 4.32 billion after the bonus share distribution.