Day: June 13, 2023
Himalayan Reinsurance Limited Reports Impressive Q3 Results
Himalayan Reinsurance Limited (HRL) has released its third-quarter financial report for the ongoing fiscal year 2079/80, showcasing a net profit of Rs. 25.44 crores. This marks an increase compared to the corresponding quarter of the previous fiscal year when the company earned Rs. 19.64 crores. Notably, HRL has experienced a significant surge in net premium, […]
Read More
Nepal Republic Media Limited Concludes Oversubscribed IPO Issuance
Nepal Republic Media Limited, the publication house behind Nagarik Nepali Daily, Republica English Daily, and Shukrabar Weekly, is closing the issuance of its Initial Public Offering (IPO) today, on Jestha 30, 2080. The IPO opened on Jestha 26, 2080. The company has an issued capital of Rs. 96.75 crores, out of which 44.99% or 43,53,000 […]
Read More
Chhyangdi Hydropower Company Limited Plans to Issue Right Shares
Chhyangdi Hydropower Company Limited (CHL) has submitted an application to the Securities Exchange Board of Nepal (SEBON) to add its right shares to the pipeline for preliminary review. The hydropower company intends to issue 100% right shares amounting to Rs. 38.67 Crores. This will be achieved through the issuance of 3,869,775 (1:1) units of right […]
Read More
NEPSE Index Records Strong Gain and Highest Turnover in Months
Today, the NEPSE (Nepal Stock Exchange) index closed at 2,020.64, marking an impressive increase of 34.17 points from the previous trading day’s closing. This gain of 1.72% is particularly notable, considering the index had already gained 7.79 points yesterday. In fact, the index concluded at its highest level in 3.5 months, surpassing the levels seen […]
Read More
Rawa Energy Development Limited IPO Allotment and Project Details
The IPO allotment process of Rawa Energy Development Limited, a hydropower company, has been completed at the premises of Prabhu Capital Limited in Kathmandu. The company issued 6,43,667 units worth Rs. 6.43 crores as an Initial Public Offering (IPO) to the general public between Jestha 18 and 22, 2080. Prior to the IPO, 2,80,000 units […]
Read More
Auction of Promoter Shares: Muktinath Bikas Bank Limited and Mahalaxmi Bikas Bank Limited
Muktinath Bikas Bank Limited (MNBBL) is selling 119,055 units of promoter shares through an auction. The auction is only open to existing promoters of the bank and will take place from 30th Jestha to 1st Shrawan, 2080. The minimum bid rate is Rs. 190, and bids must be submitted to the auction manager, B.O.K Capital […]
Read More