Day: April 24, 2023

SEBON Approves 11% LBBL Debenture 2089; Bank Will Soon Issue 10 Lakh Unit Debentures 1
Business | Market | Economy Dividend

SEBON Approves 11% LBBL Debenture 2089; Bank Will Soon Issue 10 Lakh Unit Debentures

  On Baisakh 10, 2080, the Securities Board of Nepal (SEBON) authorized the “11% LBBL Debenture 2089”. Lumbini Bikas Bank Limited (LBBL) plans to issue 10 lakh unit debentures at Rs 1000 per unit. For a period of ten years, the bank will give an interest rate of 11% on the debenture. Four hundred thousand […]

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From Baisakh 19, Ghorahi Cement Industry will provide IPO shares at a premium price to Dang District residents and Nepalese working abroad. 3
IPO | FPO

From Baisakh 19, Ghorahi Cement Industry will provide IPO shares at a premium price to Dang District residents and Nepalese working abroad.

  Ghorahi Cement Industry Limited (GCIL) has issued an offer letter to provide an Initial Public Offering (IPO) to Dang District residents and Nepalese people living overseas. The initial public offering (IPO) for locals and Nepalese citizens working abroad will take place from the 19th of Baisakh to the 2nd of Jestha, 2080. It should […]

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PLIC and ULI Promoter Shares Converted; Promoter-Public Shareholding Ratio Changed To 51: 49 5
NEPSE NEWS

PLIC and ULI Promoter Shares Converted; Promoter-Public Shareholding Ratio Changed To 51: 49

  Prime Life Insurance Company Limited (PLIC) unit promoter shares have been converted to ordinary shares, bringing the company’s promoter-to-public share ratio to 51: 49. The company currently has 3,14,09,657 unit shares listed on NEPSE.Similarly, the shareholding structure of 60% promoters and 40% public has been altered to 51% promoter shares and 49% public shares. […]

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The deadline for life and non-life insurance companies to raise capital to Rs 5 billion has passed. 7
Business | Market | Economy

The deadline for life and non-life insurance companies to raise capital to Rs 5 billion has passed.

On the 10th of Chaitra 2078, the Nepal Insurance Authority directed that life insurance businesses have a minimum paid-up capital of Rs. 5 Arba. The Insurance Board also encouraged non-life insurance companies to increase their paid-up capital to Rs. 2.5 Arba by the end of Chaitra 2079.    

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The NEPSE Index Ends the Day with a 0.14% Gain; IPO Stock KDL Has Its First Red Day Ever 9
NEPSE NEWS IPO | FPO

The NEPSE Index Ends the Day with a 0.14% Gain; IPO Stock KDL Has Its First Red Day Ever

The NEPSE index closed at 1,888.32 today, up 2.71 points from the previous trading day’s close. This represents a 0.14% increase. Yesterday, the index fell 18.80 points. Today, the index opened at 1,885.77 and closed at 1,875.14. In contrast, it reached a high of 1,891.87 before settling at 1,888.32.  

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List of Bank Holidays in Nepal 2080 13
Business | Market | Economy

List of Bank Holidays in Nepal 2080

The central bank of Nepal, Nepal Rastra Bank, has recently unveiled the annual bank holiday schedule for the period of 2080 BS, which spans from April 14, 2023 to April 12, 2024. This comes in response to the government’s decision to permit essential service-providing institutions, such as banks, to operate on specific public holidays as […]

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