Share MarketAdjustment of share price of two companies

Adjustment of share price of two companies

Share prices of two companies have been adjusted on the Nepal Stock Exchange (NEPSE). On this day, the share price of Civil Bank and Reliance Finance has been adjusted in Nepse.

For the purpose of AGM and dividend distribution, these companies have book-closed and Nepse has fixed the new price by adjusting the share price.

On this day, Nepse has adjusted 5 percent bonus shares of Civil Bank and 15 percent bonus shares of Reliance Finance. After the adjustment, the share price of Civil Bank stood at Rs 245.71 per share and that of Reliance Finance stood at Rs 452.17 per share.

Nepse has adjusted the share price of these companies based on the last price of the previous trading day. On the previous trading day, Civil Bank had last traded at Rs 258 per share and Reliance Finance at Rs 520 in the secondary market on Monday.

Civil Bank (CBL) has convened its 11th Annual General Meeting at 11 am on January 12 at Amrapali Banquet, Baluwatar to approve the proposed dividend from last fiscal year’s profits.

The AGM will pass a 5 percent bonus share and a 0.26 percent cash dividend for tax purposes.

Similarly, Reliance Finance (RLFL) had announced to distribute 15 percent bonus shares and 0.79 percent cash dividend for tax purposes from the profits of FY 2077/78.

To pass the resolution, Finance has convened its twelfth annual general meeting on January 12 at 11 a.m. at its central office, Pradashani Marg.

Shares of these companies will be traded on Tuesday based on the adjusted price.

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