The stock exchange adjusted the stock price of Nepal Bank (NBL) at Rs 275.65 after adjusting 15 percent stock dividend.
Nepal Bank is conducting its 60th AGM on January 10 in Nepal APF Club, Halchowk, Kathmandu.
The meeting will endorse a proposal of distributing 15 percent stock and 10 percent stock dividend to its shareholders. The bank is distributing the dividend after a long interval of 23 years.
Similarly, the meeting will increase its authorized capital to Rs 15 billion from Rs 10 billion by amend its article of association and memorandum of association.
Presently, the bank has a paid-up capital of Rs 9.81 billion that will reach Rs 11.28 billion after the bonus share distribution.
Similarly, the stock exchange adjusted the stock price of Agriculture Development Bank (ADBL) at Rs 393.40 after adjusting 6 percent stock dividend.
Agriculture Development Bank is conducting its AGM on January 12 in Central Training Institute, Bode, Bhaktapur at 11:00 AM.
The meeting will approve a proposal of distributing 30 percent dividend including 6 percent stock and 24 percent cash dividend.
Likewise, NEPSE adjusted the stock price of Nerude Laghubitta (NLBBL) at Rs 486.09 after adjusting 15 percent stock dividend.
The company is conducting its 13th AGM in Chamber of Commerce Biratnagar, Morang at 11:00 AM.
The meeting will endorse a proposal of distributing 20.79 percent dividend including 15 percent stock and 5.79 percent cash dividend including tax for the shareholders.
Moreover, NEPSE adjusted the stock price of Vijay Laghubitta (VLBS) at Rs 623.48 after adjusting 15 percent stock dividend.
The company is conducting its 7th AGM on January 14 in Family Junction Café and Catering Center, Congress Chowk, Gaidakot, at 11:00 AM.
The meeting will endorse a proposal of distributing 15 percent stock and 5 percent stock dividend to its shareholders.
Similarly, the meeting will endorse a proposal of issuing 100 percent right shares of the current paid-up capital.
Presently, the company has a paid-up capital of Rs 194.8 million that will reach Rs 224 million after the bonus share distribution which will further increase to Rs 448 million after the right issue.