NEPSE Adjusts Stock Price of Two Companies

Jan 31, 2023 09:39 AM Merolagani

Nepal Stock Exchange (NEPSE) has adjusted the stock price of two listed companies including Nerude Laghubitta and Shikhar Insurance following their book close for upcoming AGM.

NEPSE adjusted the stock price of Nerude Laghubitta at Rs 827.87 after adjusting 22 percent stock dividend. The last trading price of the stock was Rs 1010 on January 30.

NEPSE adjusted the stock price of Shikhar Insurance at Rs 808.62 after adjusting 16 percent stock dividend. The last trading price of the stock was Rs 938 on January 30.

Nerude Laghubitta Bittiya Sanstha (NLBBL) is conducting its 16th annual general meeting (AGM) on February 11 in the conference hall of the Chamber of Industries, Morang, Biratnagar at 11 am.

The meeting will endorse a proposal of distributing 22 percent stock and 1.1579 percent cash dividend to its shareholders. Moreover, the meeting will delegate authority to BOD to forward merger/acquisition with suitable partners and amend its article and memorandum of association, elect a director from ordinary shareholders and appoint and auditor.

Similarly, Shikhar Insurance Company is conducting its 17th and 18th AGM on February 8 in its  headoffice at Shikhar Biz Shikhar, Thapathali at 11 am.

The meeting will endorse a proposal of distributing 16 percent stock and 0.8421 percent cash dividend to its shareholders. Moreover, the meeting will delegate authority to BOD to forward merger/acquisition, amend article and memorandum of association and appoint and auditor.

comments powered by Disqus

Flooded by Right Shares, Hydropower Companies’ Stock Price Sinking

Apr 10, 2024 01:09 PM

In recent days, the Electricity Regulatory Commission has freely approved right issues of all sets of hydropower companies.