Sana Kisan announced bonus of 25% but NEPSE adjusted price by 16.67% !

There was confusion among investors regarding the adjusted share price of Sana Kisan Bikas Bank Ltd. (SKBBL) after the book closure for bonus shares. The closing price SKBBL on Poush 12 was Rs 1575/unit. NEPSE has put the adjusted price of SKBBL at Rs 1350/unit which is adjusted price for 16.67% bonus share!

Last year’s AGM of SKBBL has endorsed 2:1 right issue whose book closure date was set for Mangsir 08, 2072. Now the 25% bonus dividend announced by the SKBBL is for the capital before the right issue. As per officials from NEPSE, investors who bought SKBBL shares after the book closure of right issue will also get the bonus shares of 25%.

For example, investor who holds 100 units of SKBBL before the book closure of right issue will get to apply 50 units of right share. Now, total number of units after the bonus shares will be 175 units. This means that right share issue, which is yet to be allocated, will not get the declared bonus share.