Snow Rivers and Shangrila Development Bank Share Prices Adjusted Following Bonus Shares

The Nepal Stock Exchange (NEPSE) has adjusted the stock prices for Snow Rivers Limited (SNORL) and Shangrila Development Bank Limited (SADBL) following their respective bonus share proposals.

The share price of Snow Rivers Limited has been adjusted to Rs 859.09 to reflect a 10% bonus share issue. Prior to this adjustment, the company’s stock had closed at Rs 945.

Similarly, the share price of Shangrila Development Bank Limited has been adjusted to Rs 411.54 to account for a 4% bonus share proposal. Its stock was previously traded at a closing price of Rs 428.

Trading for both listed companies will resume based on these revised reference prices tomorrow.