Share Price Adjustment: Shangrila Development Bank, Snow Rivers
NEPSE has adjusted the share prices of Shangrila Development Bank and Snow Rivers following their book closure for AGM and dividend distribution purposes.
The Nepal Stock Exchange (NEPSE) has adjusted the share prices of Shangrila Development Bank Limited (SADBL) and Snow Rivers Limited (SNOW) on Thursday, Ashoj 8. The adjustments were made after both companies closed their books for the Annual General Meeting (AGM) and dividend distribution. Based on the previous trading day’s closing prices, NEPSE recalculated the share prices to reflect the respective bonus share distributions. NEPSE adjusted 4% bonus shares of Shangrila Development Bank and 10% bonus shares of Snow Rivers. Following the adjustment, the share price of Shangrila Development Bank has been set at Rs. 411.54 per share, while Snow Rivers’ adjusted price stands at Rs. 859.09 per share. Before the adjustment, Shangrila Development Bank had closed at Rs. 428 per share on Wednesday, while Snow Rivers had closed at Rs. 945 per share. Trading of both companies’ shares will resume in the secondary market based on their respective adjusted prices.