NEPSE adjusted the stock price of Agriculture Development Bank at Rs 293.14 after adjusting 2 percent stock dividend. The last trading price of the stock was Rs 299 on March 13.
Agriculture Development Bank is conducting its 16th annual general meeting (AGM) on March 28 in its head office at Bode, Bhaktapur at 11 am.
The meeting will approve a proposal of distributing 2 percent stock and 11 percent cash dividend to its shareholders. Moreover, the meeting will also approve a proposal of distributing 6 percent cash dividend to preference shareholders, delegate authority to BOD to amend article and memorandum of association, appoint an auditor and elect three directors from ordinary shareholders.
