Day: March 16, 2023

  • 9% of the promoter shares of Prime Life Insurance Company are converted into public shares.

    9% of the promoter shares of Prime Life Insurance Company are converted into public shares.


     

    Prime Life Insurance Company Limited (PLIC) has announced a change in its promoter to public shareholding ratio.

    On the 24th Poush, 2079, the company held its 15th AGM. The AGM approved the board’s proposal to change the promoter/public share ratio of the company from 60:40 to 51:49. The company has now informed that if any of the shareholders are unwilling to convert their ownership of the founder shares into a public group, they should make a self-declaration to the company’s corporate office in Hattisar, Kathmandu, within 7 days of the date of publication of this notice.

  • The BPW Laghubitta IPO will be completed on Friday; 8,095 applicants will receive 10 units each.

    The BPW Laghubitta IPO will be completed on Friday; 8,095 applicants will receive 10 units each.


    BPW Laghubitta Bittiya Sanstha Limited’s initial public offering (IPO) will take place this Friday, 3rd Chaitra, 2079. The allotment program will begin at 11 a.m. on the premises of the issue manager, Mega Capital Markets, in Kamalpokhari.

    From the 18th to the 23rd Falgun, the company issued 80,950 units of Rs 100 face value shares to the general public as an Initial Public Offering. Out of the total 97,000 units, 10%, or 9,700 units, were set aside for Nepalese citizens working abroad, 1.50%, or 1,500 units, were set aside for company employees, and 5%, or 4,850 units, were set aside for mutual funds. The remaining 80,950 units were made available to the gene

     

  • Gurans Laghubitta and Prime Commercial Bank Bonus Shares Are Finally Listed on the NEPSE

    Gurans Laghubitta and Prime Commercial Bank Bonus Shares Are Finally Listed on the NEPSE


     

    Gurans Laghubitta Bittiya Sanstha Limited (GLBSL) has listed 39,000 Units Bonus Shares on NEPSE.

    The board of directors decided to distribute the dividend from the paid-up capital of Rs. 9.75 crores at its 117th meeting on Mangsir 27. The company proposed and distributed a 4% bonus share and a 0.210526% cash dividend. As a result, the bonus shares are worth Rs. 39 lakhs, and the cash dividend is slightly more than Rs. 2.05 lakhs. NEPSE has listed the same bonus dividend.

  • Gold is nearing an all-time high; it gained Rs 1000 per tola today to trade at Rs 106,700, and silver is following suit.

    Gold is nearing an all-time high; it gained Rs 1000 per tola today to trade at Rs 106,700, and silver is following suit.


    In the domestic market today, the price of gold has risen by Rs. 1000.

    According to the Federation of Nepal Gold and Silver Dealers’ Association’s official website, fine gold is currently trading at Rs. 106,700 per tola. Yesterday, the rate remained unchanged at Rs. 105,700 per tola. Meanwhile, Tejabi gold is currently trading at Rs. 106,200. In contrast, the rate was kept at Rs. 105,200 per tola yesterday.

     

  • Deprosc Laghubitta holds its 21st annual general meeting, at which it approves a 21.05% dividend and the acquisition of Adarsha Laghubitta.

    Deprosc Laghubitta holds its 21st annual general meeting, at which it approves a 21.05% dividend and the acquisition of Adarsha Laghubitta.


     

    Mr. Deepak Khanal, chair of Deprosc Laghubitta, presided over the company’s 21st AGM.

    For the previous fiscal year, the AGM approved 10% bonus shares and 11.052632% cash dividends for its shareholders. According to the media statement, the company’s paid-up capital will increase to Rs 1.52 arba after the bonus shares.

  • Multipurpose Finance (MPFL) seeks approval from SEBON to issue 35% right shares.

    Multipurpose Finance (MPFL) seeks approval from SEBON to issue 35% right shares.


    Multipurpose Finance Company Limited handled the process of issuing rights shares (MPFL). In an application filed on February 29, the company requested approval from the Securities and Exchange Commission (SEBON) to issue rights shares.

    If SEBON grants permission for the said right shares, MPFL will distribute 35 percent of the paid-up capital, or 1:0.35, to shareholders. It states that a total of 15.82 lakh shares will be sold at a nominal price of Rs. 1

     

  • NEPSE drops by only 0.27% to settle at 1,933.31 levels.

    NEPSE drops by only 0.27% to settle at 1,933.31 levels.


     

    The NEPSE index closed at 1,933.31 today, down 5.32 points from the previous trading day’s close. This is a 0.27% decrease. Yesterday, the index fell 14.44 points.

    Today, the index opened at 1,938.62 and closed at 1,919.93. In contrast, it reached a high of 1,946.77 before settling at 1,933.31.

    Through 26,375 transactions, 258 scrips changed hands. A total of 3,402,267 shares were exchanged for a total of Rs. 1.14 Arba in turnover. This is less than the previous day’s turnover of Rs. 1.202 Arba.