NEPSE Adjusts Stock Price of Shangrila Development Bank

Oct 22, 2021 10:33 AM Merolagani

Nepal Stock Exchange (NEPSE) has adjusted the stock price of Shangrila Development Bank (SADBL) following its book close for its upcoming AGM.

The local bourse adjusted the stock price at Rs 334.55 after adjusting 10 percent stock dividend. The last trading price of the stock was Rs 368 on October 21.

Shangrila Development Bank (SADBL@) has called out 17th AGM on November 2 in Lainchaur Banquet, Lainchaur at 10:00 AM.

The meeting will endorse a proposal of distributing 10 percent stock and 0.5263 percent cash dividend to its shareholders. Similarly, the meeting will delegate authority to BOD to forward merger/acquisition with suitable partners and elect a director for the remaining term.

comments powered by Disqus

Development Banks Record Minimal Degrowth

Apr 24, 2024 06:56 AM

The net profit of development banks has declined less compared to commercial banks and finance companies in the third quarter.

Gold and Silver Price Decline

Apr 25, 2024 10:37 AM