Share MarketNepse adjusted share price of two company

Nepse adjusted share price of two company

Share prices of two companies have been adjusted on the Nepal Stock Exchange (NEPSE).

The share price of Shree Investment & Finance and Guheshwari Merchant Bank & Finance has been adjusted in Nepse today. For the purpose of general meeting and dividend distribution, these finance companies have closed the book and Nepse has fixed the new price by adjusting the share price.

On this day, Nepse has adjusted 7.70 percent bonus shares of Shree Investment and 10 percent bonus shares of Guheswari. After the adjustment, the share price of Shree Investment Finance stood at Rs 441.97 and that of Guheshwari Merchant at Rs 454.45.

Nepse has adjusted the share price of these finances based on the last price of the previous trading day. On the previous trading day, Wednesday, Shree Investment had last traded at Rs 476 per share and Guheshwari Merchant at Rs 499.90 per share.

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

Shree Investment and Finance (SIFC) has convened its 27th Annual General Meeting on Poush 29 at 11 am at the company’s registered office in Dilli Bazaar, Kathmandu.

The meeting will approve the proposed 7.70 percent bonus share and 3.30 percent cash dividend from the last fiscal year’s profit and will pass 11 percent dividend.

The meeting shall pass the dividend proposal as well as the proposals to work on merger or acquisition with other suitable financial institutionson.

Similarly, Guheshwari Merchant Banking and Finance Limited (GMFIL) had announced to distribute bonus shares at the rate of 10 percent of the existing paid up capital and 0.5263 percent cash dividend for tax purposes. Finance has convened its twentieth annual general meeting on Poush 29 at Guheshwari Bhawan, Harihar Bhawan, Lalitpur to pass the same dividend proposal. The meeting will start at 11 am.

The meeting shall pass the dividend proposal as well as the proposals to work on merger or acquisition with other suitable financial institutions and to authorize the board of directors to amend the management letter and rules of finance and to appoint auditors.

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