NEPSE Adjusts Stock Price of Kalika Laghubitta

Apr 04, 2021 09:39 AM Merolagani

Nepal Stock Exchange (NEPSE) has adjusted the stock price of Kalika Laghubitta BIttiya Sanstha (KMCDB)  on April 4 following its book close for the upcoming AGM.

NEPSE adjusts the stock price of the company at Rs 1299 after adjusting 10 percent stock dividend.

Kalika Laghubitta is conducting its 10th and 11th AGM in the conference hall of Hotel Task International on April 20 at 8:00 AM.

The meeting will endorse a proposal of distributing 10 percent stock dividend to its shareholders. Similarly, the meeting will approve a proposal of maintaining promoter and ordinary shareholder ratio at 54.52:45.48 and delegate authority to BOD to forward merger/acquisition procedure with suitable partners.

Currently, the company has a paid-up capital of Rs 252.3 million that will reach Rs 277.5 million after the bonus share distribution.

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