NEPSE Adjusts Stock Price of Nabil Bank

Dec 24, 2019 09:41 AM Merolagani

Nepal Stock Exchange has adjusted the stock price of Nabil Bank following its book close on December 24.

The stock exchange adjusted the stock price at Rs 669.64 after adjusting 12 percent stock dividend.

Nabil Bank is conducting 35th AGM on January 7 in Nepal Pragya Pratisthan, Kamaladi, Kathmandu at 10:00 AM.

The meeting is supposed to endorse a proposal of distributing 34 percent dividend including 22 percent cash and 12 percent stock dividend to its shareholders.

Similarly, the meeting is endorsing a proposal increasing its authorized capital to Rs 11 billion and elect director from promoter shareholders.

Presently, the bank has a paid-up capital of Rs 9.01 billion that will reach Rs 10.09 billion after the bonus share distribution.

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