NEPSE Adjusts Share Prices of Global IME Bank and Nepal Lube Oil for Bonus Shares
NEPSE has revised the share prices of Global IME Bank (GBIME) and Nepal Lube Oil (NLO) following their declared bonus shares ahead of book closure.
The Nepal Stock Exchange (NEPSE) has adjusted the share prices of Global IME Bank Limited and Nepal Lube Oil Limited on Friday, Ashoj 2, following their respective bonus share announcements. The adjustment was carried out after the last trading day before the companies’ book closure for their upcoming Annual General Meetings (AGMs) and dividend distribution. Both companies have scheduled their book closure for September 21 (Ashoj 5). NEPSE adjusted Global IME Bank’s share price for a 4% bonus share, setting the revised price at Rs. 250.87 per share. Similarly, Nepal Lube Oil’s share price was adjusted for a 15% bonus share, bringing its revised price to Rs. 241.22 per share. The adjusted prices were calculated based on the companies’ previous closing prices. Global IME Bank had closed at Rs. 260.90, while Nepal Lube Oil had closed at Rs. 277.40 per share. Trading of both companies’ shares will resume in the secondary market at the adjusted prices from the next trading session.