Adjustment on share price of Reliance Finance; What’s the value per share?

Kathmandu, April 23

The share price of Reliance Finance Limited has been adjusted today for the bonus shares of the last fiscal year.

The Nepal Stock Exchange (NEPSE) has adjusted the share price of Reliance Finance to Rs. 262 per share. The company’s last trading price was Rs. 288 per share.

The company will distribute 10 percent bonus shares and 0.53 percent cash dividend to the shareholders from the last year’s profit for tax purposes. The company closed the book for the purpose of general meeting and dividend distribution on Baisakh 10. Only the existing shareholders till Baisakh 9 will be able to participate in the dividend and general meeting.

In order to pass this dividend, the company has organized a general meeting on Baisakh 22 at Lainchaur Banquet. The meeting will start at 11 am.