NEPSE Adjusts Stock Price Of 3 Companies

Dec 29, 2021 07:25 AM Merolagani

Nepal Stock Exchange (NEPSE) has adjusted the stock price of three companies including Miteri Development Bank, Unnati Sahakarya Laghubitta Bittiya Sanstha and Nepal Re-Insurance Company on December 29 following their book close for upcoming AGM.

NEPSE adjusted the stock price of Miteri Development Bank at Rs 443.07 after adjusting 13.30 percent stock dividend. The last trading price of the stock was Rs 502 on December 28.

NEPSE adjusted the stock price of Unnati Sahakarya Laghubitta Bittiya Sanstha at Rs1488.46 after adjusting 30 percent stock dividend. The last trading price of the stock was Rs 1935 on December 28.

NEPSE adjusted the stock price of Nepal Re-Insurance Company at Rs 1104.72 after adjusting 16.50 percent stock dividend. The last trading price of the stock was Rs 1287on December 28.

Miteri Development Bank  (MDB) is conducting its 16th  AGM on January 12 in Sunsari Udhyog Banijya Sangha, Dharan at 11:00 AM. The AGM will endorse a proposal of distributing 13.30 percent stock and 0.70 percent cash dividend to its shareholders. Moreover, the meeting will delegate authority to BOD to forward merger/acquisition with suitable partners and elect 3 directors from ordinary shareholders. 

Similarly, Unnati Sahakarya Laghubitta Bittiya Sanstha (USLB) is conducting its 7th AGM on January 7 in Hotel Morya, Rupandehi at 11:00 AM. 

The meeting will endorse a proposal of distributing 30 percent stock dividend, issue further public offering worth Rs 17.8 million and delegate authority to BOD to forward merger/acquisition with suitable partners. 

Likewise, Nepal Re-insurance Company (NRIC) is conducting its annual general meeting (AGM) on January 6 in Karki Banquet, Babarmahal, Kathmandu at 11:00 AM. The meeting will endorse a proposal of distributing 16.50  percent stock and 2.50 percent cash dividend to its shareholders. 

Moreover, the meeting will delegate authority to BOD to amend the article and memorandum of association as per the requirement of regulatory bodies, approve the annual and financial report of the last FY, appoint an auditor and elect board members.

 

 

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