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NEPSE Adjusts Prices of Global IME Bank and Nepal Lube Oil After Bonus Shares

NEPSE has adjusted the share prices of Global IME Bank and Nepal Lube Oil following their 4% and 15% bonus share announcements, respectively.

Nepalytix
5 min read
NEPSE Adjusts Prices of Global IME Bank and Nepal Lube Oil After Bonus Shares

The Nepal Stock Exchange (NEPSE) has adjusted the share prices of Global IME Bank and Nepal Lube Oil following their announced bonus shares.

The adjustments were made on Friday, Ashoj 2, ahead of the companies’ book closure for their upcoming Annual General Meetings and dividend distribution. Both companies closed their books on September 21, Ashoj 5.

Global IME Bank’s share price was adjusted for a 4% bonus share, bringing its adjusted price to Rs. 250.87 per share from the previous closing price of Rs. 260.90.

Similarly, Nepal Lube Oil’s share price was adjusted for a 15% bonus share, with the adjusted price set at Rs. 241.22 per share from the previous closing price of Rs. 277.40.

The adjusted prices were calculated based on the companies’ closing prices before the book closure. Trading of both companies’ shares resumed at the respective adjusted prices in the secondary market on the following trading session.

Nepalytix

Financial News Reporter