Month: July 2023
“Nabil Investment Banking’s Mutual Funds NAV Report for Ashad; Dividends Expected for Two Schemes”
Nabil Equity Fund (NEF) has released its monthly Net Asset Value (NAV) report for the month of Ashad. The latest NAV is Rs. 10.82, showing an increase from the previous month’s Rs. 10.37. The fund, which started with a size of Rs. 1.25 Arba, has allocated Rs. 75.86 crores in shares of listed companies […]
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“Nepal Chamber of Commerce Urges Finance Minister to Withdraw SEBON Directive”
The Nepal Chamber of Commerce has expressed concerns to Finance Minister Dr. Prakash Saran Mahat regarding a recent provision by SEBON (Securities Board of Nepal). The provision restricts promoters from selling their stock for a year even after leaving the company’s Board of Directors. The Chamber considers this policy impractical and demotivating for capital […]
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“Dividend Announcement for Laxmi Capital’s Mutual Funds FY 079-80”
Laxmi Capital Market Limited has announced that it will distribute dividends to its mutual fund scheme, Laxmi Unnati Kosh (LUK), for the financial year 2079-80. The company’s Board of Directors decided to provide a 9.5 percent cash dividend to the unit holders, which includes taxes.
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“NEPSE Ends 5-Day Losing Streak with Modest Gain as Intraday Turnover Drops to Rs. 1.85 Arba.”
Today, the Nepal Stock Exchange (NEPSE) Index closed at 2,106.18 points, showing a 0.27% increase from yesterday’s close. The index started at 2,097.85, went as low as 2,094.06, and reached a high of 2,126.57 during the day’s trading. It ended on a positive note, gaining 5.84 points after experiencing a decline of 26.14 points […]
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“NEPSE in 2079-80: Significant Highlights of Highs and Lows”
The stock market, or share market, is crucial for a country’s economic development. It helps companies raise funds, invest in growth, and create jobs. It also offers investment opportunities for individuals and institutions to share in company growth and wealth. The market’s liquidity allows easy buying and selling of shares, acting as an indicator […]
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“Upper Tamakoshi Hydropower (UPPER) Announces Book Closure Date for 100% Rights Offering”
Upper Tamakoshi Hydropower Limited (UPPER) will be offering 100% right shares to its existing shareholders. The company will issue 105,900,000 units of right shares at a 1:1 ratio. Shareholders who hold shares until Shrawan 25 will be eligible for the rights offering. The company’s paid-up capital, currently at Rs. 10.59 Arba, will double to […]
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“Citizen Life Insurance IPO for Nepalese Employed Abroad Closes Today; Oversubscribed by 1.62 Times.”
“Closing Today: Citizen Life Insurance IPO for Nepalese Citizens Abroad. The life insurance company’s IPO offering 11,25,000 unit shares to Nepalese citizens working abroad concludes on the 14th Shrawan. The total issued capital of the company stands at Rs. 3.75 Arba, with 30% of it, equivalent to 1,12,50,000 unit shares, being made available to […]
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“Last Day for Locals IPO: Bhagawati Hydropower”
Bhagawati Hydropower Development Company Limited is wrapping up its IPO for project-affected locals today, the 14th Shrawan. The company issued a total capital of Rs. 57.20 Crores, with 10% (572,065 unit shares) allocated to locals in the Kaski District. Additionally, 15% of the capital (858,097 unit shares) will be offered to the general public […]
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“NIMB Ace Capital’s Mutual Funds NAV Report for Ashad; Dividends Expected for Two Schemes”
NIBL Pragati Fund (NIBLPF), a 7-year closed-end mutual fund scheme, has reported an increase in its Net Asset Value (NAV) for the month of Ashad. The financial report reveals that the NAV of the mutual fund scheme has risen to Rs. 10.68 at the end of Ashad, 2080, compared to Rs. 10.28 in the previous […]
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“NIC Asia Capital’s Mutual Funds Show NAV Growth and Increased Profit in Ashad”
NIC Asia Balanced Fund (NICBF), a 10-year close-end mutual fund scheme managed by NIC Asia Capital, has released its financial highlights for the month of Ashad. The Net Asset Value (NAV) for the period is Rs. 11.28, showing an increase from Rs. 10.96 a month ago. At the beginning of the scheme, the total […]
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