Share Prices of Two Banks Adjusted
NEPSE has adjusted the share prices of Nabil Bank and Garima Bikas Bank based on their 5% and 10% bonus share distributions.
The Nepal Stock Exchange (NEPSE) adjusted the share prices of Nabil Bank and Garima Bikas Bank on Wednesday.
The adjustments were made after both banks closed their shareholder registration books for their respective annual general meetings and dividend distribution.
NEPSE adjusted Nabil Bank’s share price based on its 5% bonus shares and Garima Bikas Bank’s share price based on its 10% bonus shares. Following the adjustment, Nabil Bank’s share price was set at Rs. 539.05 per share, while Garima Bikas Bank’s adjusted share price was set at Rs. 414.55 per share.
The adjusted prices were calculated based on the final trading prices of the two banks on Tuesday. Nabil Bank had closed at Rs. 566 per share, while Garima Bikas Bank had closed at Rs. 456 per share.
Trading of both banks’ shares will resume in the secondary market from Wednesday based on the adjusted prices.