NEPSE adjusts stock price of Kailash Bikas Bank

Dec 27, 2019 09:55 AM Merolagani

Nepal Stock Exchange (NEPSE) has adjusted the stock price of Kailash Bikas Bank on December 27 following its book close for upcoming AGM.

The stock exchange adjusted the stock price at Rs 205.17 after adjusting 16 percent stock dividend.

The company is conducting its AGM on January 10 in Amritbhog Party Palace, Kalikasthan, Kathmandu at 10:00 AM.

The meeting is scheduled to endorse a proposal of acquisition by Prime Commercial Bank. The meeting will approve a swap ratio of 100:94 for the acquisition.

Moreover, the meeting will delegate the authority to BOD to carry out all the required procedure for the acquisition.

The trading of the bank is suspended since July 7 due to the ongoing acquisition process with Prime Commercial Bank.

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