NEPSE Adjusts Stock Price of Nepal Bank

Dec 07, 2021 06:35 AM Merolagani

Nepal Stock Exchange (NEPSE) has adjusted the stock price of Nepal Bank (NBL) on December 7 following its book closure for upcoming AGM.

NEPSE adjusted the stock price at Rs 378.68 after adjusting 14 percent stock dividend. The last trading price of the stock was Rs 431.70 on December 6.

The bank is conducting its 62nd AGM on December 17 in its head office at Dharmapath, Kathmandu at 11:00 AM through a virtual medium.

 The meeting will endorse a proposal of distributing 14 percent stock and 3 percent cash dividend to its shareholders. Moreover, the meeting will delegate authority to BOD to amend its article and memorandum of association as per requirement of regulatory bodies.

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