NEPSE Adjusts Stock Price of NCC Bank

Jan 21, 2020 09:49 AM Merolagani

Nepal Stock Exchange (NEPSE) has adjusted the stock price of Nepal Credit and Commerce Bank (NCCB) on January 21 following its book close for the upcoming AGM.

The stock exchange adjusted the stock price at Rs 202.61 after adjusting 15 percent stock dividend.

The bank is conducting its  22nd AGM on January 31 in Tribhuwan Army Officers Club, Tundikhel at 11:00 AM.

The AGM is scheduled to endorse a proposal of distributing 15 percent bonus and cash dividend of 0.78 percent for tax propose to its shareholders.

Moreover, the meeting will delegate authority to BOD to forward merger/acquisition with suitable partners, appoint evaluator for DDA and forward the procedure of appointing foreign strategic partner.

Presently, the bank has a paid-up capital of Rs 8.13 billion that will reach Rs 9.35 billion after the bonus share distribution.

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