Nepse adjust stock price of Laxmi bank for bonus share

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price adjustment

Nepal stock exchange (Nepse) has adjusted stock price of Laxmi Bank Limited for 8.5% Bonus share.

The Adjusted Price is Rs.202.76 for 8.5% bonus share. Its Average base price is Rs.279.38. Price before book close Rs.220

Adjustment formula = Price before book close / 1 + Bonus %

Bonus share will be distributed to shareholders after the approval from annual general meeting.