NEPSE adjusts stock price of Excel Development Bank

Mar 20, 2020 10:54 AM Merolagani

Nepal Stock Exchange (NEPSE) has adjusted the stock price of Excel Development Bank (EDBL) on March 20 following its book close for the upcoming AGM.

NEPSE adjusted the stock price at Rs 320 after adjusting 17.10 percent stock dividend.

The bank is conducting its AGM on April 2 in Hotel Holiday Inn, Birtamod, Jhapa at 11:00 AM.

The meeting will endorse a proposal of distributing 17.10 percent stock and Rs 6.2 million in cash dividend for tax purposes to its shareholders.

Moreover, the meeting will approve a proposal of issuing 30 percent right share and delegate authority to BOD to forward merger/acquisition with suitable partners.

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