Civil Bank’s price adjusted for 2.88% bonus share
Thu, May 4, 2017 2:24 PM on Latest, Dividend, Bonus & Rights, Featured, Book Closure, Stock Market,
Nepal Stock Exchange (NEPSE) has adjusted the price of Civil Bank Limited (CBL) today after its book closure for 2.88% bonus shares. The new adjusted price is Rs 259. Likewise, its average base price accounting for this price adjustment has turned out to be Rs 234.
CBL has declared 2.88% stock dividend from the profits it earned in FY 2072/73. The bonus share will be endorsed by the bank’s upcoming AGM going to be held on Jestha 4, 2074. CBL will also be endorsing further 30% right shares, to be floated after the acquisition of Unique Finance Limited (share swap ratio of 100:90) and Hama Merchant Banking and Finance Limited (share swap ratio of 100:89). CBL has already signed an agreement with Laxmi Capital Market for the rights issue.
Civil Bank had earned net profit of Rs. 17.14 crore in the second quarter of the current fiscal year 2073/74. Its paid up capital as at the end of second quarter stands at Rs 4.58 arba. After the distribution of bonus shares, its paid up capital will reach Rs 4.72 arba.
Civil Bank had earned net profit of Rs. 17.14 crore in the second quarter of the current fiscal year 2073/74. Its paid up capital as at the end of second quarter stands at Rs 4.58 arba. After the distribution of bonus shares, its paid up capital will reach Rs 4.72 arba.
