Share prices of 5 companies were adjusted on Monday in Nepal Stock Exchange (NEPSE). On this day, share prices of Nabil Bank, Himalayan Bank, Mahalakshmi Bikas Bank, Butwal Power Company and Siddharth Insurance were adjusted in NEPSE.
As these companies close their books for dividend distribution and general meeting, NEPSE has adjusted the share price and determined the new price.
After the adjustment, the share price of Nabil Bank has remained at Rs 721 10 paisa, Himalayan Bank Rs 338 6 paisa, Mahalakshmi Bikas Bank Rs 333 65 paisa, Butwal Power Company Rs 322 38 paisa and Siddharth Insurance has remained at Rs 591 65 paisa.
NEPSE has adjusted the share price of these companies based on the last price of the previous trading day.
Based on this adjusted price, the share trading of these companies will open on Monday.
On this day, NEPSE adjusted 18.50 percent of Nabil Bank, 8 percent of Himalayan Bank, 4 percent of Mahalakshmi Bikas Bank, 5 percent of Butwal Power Company and 9 percent of Siddharth Insurance.
18.50 percent bonus of Nabil Bank
Nabil Bank Limited (NABIL) has convened its 38th Annual General Meeting at Silver Oak Banquet and Event Center, Gaihridhara, Kathmandu at 10 am on Poush 29th, Friday, to pass the dividend proposal.
Nabil Bank has proposed to distribute a total of 30% dividend this year at the rate of 18.50% of the current paid-up capital including bonus shares and 11.50% cash dividend for tax purposes.
Himalayan Bank 8 percent bonus
Similarly, Himalayan Bank (HBL) has convened a general meeting on Poush 28, Thursday. The bank’s 30th annual general meeting will begin at 11 am at Hotel Solti, Soltimode, Kathmandu, while that of Civil Bank will begin at 11 am at Amritbhog, Kalikasthan, Kathmandu.
This year, Himalayan Bank has proposed to distribute bonus shares at the rate of 8 percent and cash dividend at the rate of 11.11 percent for tax purposes.
The meeting will pass the proposal of Himalayan Bank to Civil Bank to merge shares in the ratio of 80.28 share swap ratio to 100 i.e. 80.28 shares of Himalayan Bank equal to 100 shares of Civil Bank. Similarly, the General Assembly is also proposed to pass the proposal to conduct integrated business in the name of Himalayan Bank Limited after the acquisition of Civil Bank.
Mahalakshmi Bikas Bank 4 percent bonus
Mahalakshmi Bikas Bank (MLBL) has called a meeting at 10 am at Lainchaur Banquet, Lainchaur, Kathmandu to pass the dividend proposal announced to be distributed to the shareholders.
This year, Mahalakshmi Development Bank has proposed to distribute bonus shares at the rate of 4 percent of the current paid-up capital and 6.47 percent cash dividend for tax purposes.
5 percent bonus to Butwal Power Company
Butwal Power Company (BPCL) has convened its 30th Annual General Meeting on Poush 30th, Karki Banquet, Babarmahal, Kathmandu.
Butwal Power Company has proposed to distribute bonus shares at the rate of 5 percent of the current paid-up capital and cash dividend at the rate of 7.5 percent for tax purposes.
Siddharth Insurance 9 percent bonus
Siddharth Insurance (SIL) has convened its 21st Annual General Meeting on Poush 29th, 11 am, at Bhrikuti Mandap Kathmandu, Nepal Tourism Board Auditorium to pass the dividend and merger proposal.
Siddharth Insurance has proposed to distribute 9 percent bonus shares and 0.4737 percent cash dividend for tax purposes from the profit of the last financial year.
The meeting will pass a special resolution regarding the merger of Siddharth Insurance and Premier Insurance together with the proposed dividend. The name of the company formed after the merger of the two companies will become Siddharth Premier Insurance Company.