Everest Bank to convert 20% preference share; Last Trading day to purchase before conversion; Book close from Ashwin 2

September 18, 2019 | Investopaper

Everest Bank has informed about the conversion of its preference share. The bank is going to make a fourth conversion of its convertible preference share. As per the directive, Everest Bank will convert 20 percent of its preference share every 3 years.

Also Read: Online Share Trading In Nepal: How To Buy & Sell Shares?

The preference share is providing 7 percent dividend to the shareholders. The bank is planning to convert its 4th 20% pref. share on Ashwin 9, 2076.

Hence, for this purpose, the book closure date is set on Ashwin 2, 2076. Investors purchasing the Everest Bank Convertible Preference Share (EBLCP) before the book close date can convert the shares to EBL.

The last traded price (LTP) of EBLCP is Rs. 711.

Everest Bank Convertible Preference Share is only one of its kind in the Nepalese Share Market.

You May Also Like: Mero Share Login: Every Thing You Can Do With Mero Share


Investopaper is a financial website which provides news, articles, data, and reports related to business, finance and economics.

Leave a Reply

Your email address will not be published.

error: Content is protected !!