NEPSE Adjusts Stock  Price of Kumari Bank and Gurans Laghubitta

Oct 25, 2021 09:33 AM Merolagani

Nepal Stock Exchange (NEPSE) has adjusted the stock price of Kumari Bank (KBL) and Gurans Laghubitta Bittiya Sanstha (GLBSL) following their book close for upcoming AGM.

The local bourse adjusted the stock price of Kumari Bank at Rs 264 after adjusting 6 percent stock dividend. The last trading price of the stock was Rs 280 on October 24.

Similarly, NEPSE adjusted the stock price of Gurans Laghubitta at Rs 1,348.09 after adjusting 16.90 percent stock dividend. The last trading price of the stock was Rs 1,576 on October 24.

Kumari Bank (KBL) is conducting its 21st AGM in its headoffice at Naxal, Kathmandu at 11:30 AM through a virtual medium.

The meeting will endorse a proposal of distributing 6 percent stock and 2.67 percent cash dividend to its shareholders.

The meeting will also delegate authority to BOD to forward merger/acquisition with suitable partners.

Similarly, Gurans Laghubitta Bittiya Sanstha (GLBSL) has called out 6th AGM on November 8 in New Anjuli Hotel, Dhankuta at 11:00 AM.

 The meeting will endorse a proposal of distributing 16.9064 percent stock and 0.889 percent cash dividend to its shareholders. Similarly, the meeting will elect 4 directors from promoter shareholders.

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