Share Price Adjustment of Nabil and Garima Development Bank on NEPSE
After book closure for the annual general meeting and dividend distribution, NEPSE has adjusted the share prices of Nabil Bank and Garima Development Bank. Following the adjustment, Nabil's price stands at Rs 539.05 and Garima's at Rs 414.55.
Kathmandu. The Nepal Stock Exchange (NEPSE) has adjusted the share prices of two banks. Following the book closure for the annual general meeting and dividend distribution, NEPSE has adjusted and set new prices for the shares of Nabil Bank and Garima Development Bank.
NEPSE adjusted the prices after a 5 percent bonus share for Nabil Bank and a 10 percent bonus share for Garima Development Bank. After the adjustment, Nabil Bank's share price stands at Rs 539.05, while Garima Development Bank's is at Rs 414.55.
NEPSE adjusted the banks' share prices based on the last trading day's closing price. On the previous trading day, Nabil's shares last traded at Rs 566 per share and Garima Development Bank's at Rs 456. Trading in these banks will open in the secondary market today based on this adjusted price.