Month: July 2023
SEBON Approves IPOs for Chirkhwa Hydropower and Mathillo Mailun Khola Jalvidhyut
SEBON Approves IPOs for Chirkhwa Hydropower and Bhagwati Hydropower The Securities Exchange Board of Nepal (SEBON) has given the green light to the initial public offering (IPO) proposals of Chirkhwa Hydropower Limited and Bhagwati Hydropower Development Company Limited on Ashad 20, 2080. Chirkhwa Hydropower will issue 1,200,000 equity shares at a par value of […]
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Provinces Fall Short: Only 49% of Budget Spent by June 15 in Current FY
As of June 15 in the current fiscal year 2022/23, the provinces in the country have only used half of their budget. Out of the total allocated budget of Rs 306 billion, they have spent Rs 151.3 billion, which is around 49.45 percent of the yearly allocation. According to the Office of the Comptroller General, […]
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“NEPSE Index Sees Significant Decline of 4.72% This Week”
During the past week, the NEPSE (Nepal Stock Exchange) index experienced a significant decline, closing at 2049.38 after a loss of 101.61 points, equivalent to a 4.72% decrease. In comparison, the index had closed at 2,150.99 the previous week, registering a gain of 4.64% from the week before that. Throughout the week, the index reached […]
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“SEBON Approves 100% Right Shares Issuance for Upper Tamakoshi Hydropower Limited”
The Securities Board of Nepal (SEBON) has given its approval for Upper Tamakoshi Hydropower Limited (UPPER) to issue 100% right shares. The company plans to issue shares worth NPR 10.59 Arba, equivalent to 105,900,000 units of right shares on a 1:1 basis to its existing shareholders. The application for this proposal was submitted to SEBON […]
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Upper Syange Hydropower IPO Allotment: 11,44,127 Applicants Return Empty-Handed
Upper Syange Hydropower Concludes IPO Allotment; Shares Issued to General Public The IPO allotment process for Upper Syange Hydropower Limited has been completed at the premises of Siddhartha Capital Limited in Kathmandu. The company had previously offered 539,500 units of IPO shares with a face value of Rs 100 to the general public from […]
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Ghorahi Cement Industry Resumes IPO Share Issue for General Public
Ghorahi Cement Industry Limited will be reissuing its IPO shares to the general public. This decision was made after a temporary setback during the initial offering, where some investors applied for shares without having enough funds. The company has conducted a thorough investigation into the matter and has taken transparent and corrective actions. The reissuance […]
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“Nepal Finance Limited to Auction 11.16 Lakh Promoter Shares from Ashad 29”
Nepal Finance Limited (NFS) is conducting an auction to sell 11,16,616.187 units of promoter shares to the general public. The auction will take place from 29th Ashad to 12th Shrawan, 2080. The auction is open to existing promoters, the general public, and institutions. The minimum bid rate is Rs. 100, and bidders must bid […]
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Kumari Bank’s 757,699 Promoter Shares Up for Auction Today
Kumari Bank Limited (KBL) is conducting an auction to sell 757,699 units of promoter shares to the general public. The auction will take place from the 22nd to the 29th of Ashad, 2080. Individuals, companies, and institutions are all allowed to participate in the auction, with a minimum bid rate of Rs. 110. Bidders […]
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Last Day for Eligibility: Api Power Company Limited’s Rights Offering Draws to a Close
Api Power Company Limited (API) has announced that today is the final day for shareholders to be eligible for its rights offering. The hydropower company plans to issue 40% right shares, amounting to Rs. 1.65 Arba, through the issuance of 1,65,33,137 units of right shares to its existing shareholders. This offering will increase the company’s […]
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NEPSE Approves Membership for Seven New Brokerage Companies, Expanding Market Services
NEPSE Approves Membership for Seven New Brokerage Companies The Nepal Stock Exchange (NEPSE) has confirmed the membership of seven new brokerage companies. These companies have met the criteria and received approval from NEPSE’s Board of Directors. Expansion of Brokerage Services The seven newly approved companies include Bhole Ganesh Securities Limited, Capital Max Securities Limited, Himalayan […]
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