Reliable Nepal Life Insurance’s Share Price Adjusted Following Bonus Declaration
Reliable Nepal Life’s share price adjusted to Rs. 452.67 after 12% bonus share declaration.
The share price of Reliable Nepal Life Insurance Limited has been adjusted on the Nepal Stock Exchange (NEPSE) after the company closed its books for its upcoming Annual General Meeting (AGM) and proposed dividend distribution.
NEPSE adjusted the share price in response to the company’s 12% bonus share issuance, which was approved as part of its dividend policy. Following the adjustment, the new reference price for Reliable Nepal Life’s shares stands at Rs. 452.67 per share.
This price was recalculated based on the closing price of the previous trading day, which was Rs. 506.99. The adjustment reflects the dilution in value due to the additional shares being issued as bonus, a standard practice followed by NEPSE to ensure fair trading when companies distribute stock-based dividends.
The book closure ensures that only shareholders who held shares before the set date are eligible for the 12% bonus shares.
This move is expected to increase the total number of outstanding shares while maintaining overall investor value, as bonus shares do not impact the company\\\