Share MarketNadep Microfinance Price adjustment

Nadep Microfinance Price adjustment

The share price of NADEP Microfinance Financial Institution Limited has been adjusted on the Nepal Stock Exchange (NEPSE).

Nepse has fixed the new price by adjusting the share price as soon as the microfinance close book for the purpose of the general meeting.

On this day, Nepse has adjusted 20 percent bonus share of microfinance. After adjustment, the share price of microfinance has stood at Rs 865.83.

Nepse has adjusted the share price of microfinance based on the last price of the previous trading day. The last trade of Nadep share was on 16 Posh 2077. On this day the price was Rs 1,039 per share.
Shares of microfinance have not been traded since that day. Trading in microfinance shares was suspended for the purpose of merger and general meeting.

The seventh annual general meeting of Naubise Agro Resort, Naubise, Dhading has been convened on Magh 14 to pass the dividend proposal announced by microfinance to be distributed to the shareholders from the profits of the last fiscal year. The meeting will be held online at 11 am, according to microfinance.

The meeting approved the distribution of bonus shares at the rate of 20 percent of the paid up capital of Rs. 40 crore 48 lakhs and 1.053 percent cash dividend. To pass resolutions including giving authority to the Board of Directors to work on mergers and acquisitions.

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