Month: July 2023
“Auction Begins Today: NIC Asia Bank, Sanima Bank, and Chhimek Laghubitta Promoter Shares”
NIC Asia Bank Limited (NICA) is offering 4,00,000 units of its promoter shares through an auction open to the qualified general public and institutions. The auction is taking place from the 9th Shrawan to the 18th Shrawan, 2080. Interested bidders can participate with a minimum bid rate of Rs. 375 per share, and the minimum […]
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“Final Call: Manakamana Engineering Hydropower IPO Closes Today”
Manakamana Engineering Hydropower Limited is wrapping up its Initial Public Offering (IPO) for project-affected locals on the 9th of Shrawan. The IPO, which began on the 19th of Ashad, 2080, allocated 10% of the company’s issued capital, amounting to Rs. 8 Crores, to project-affected locals in Dolakha District. Additionally, there will be a public […]
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“MKLB Lists 4.75% Bonus Shares on NEPSE”
Manakamana Smart Laghubitta Bittiya Sanstha Limited (MKLB) has recently listed 67,329.11 unit bonus shares on the Nepal Stock Exchange (NEPSE). The company held its 5th Annual General Meeting on Chaitra 16 and approved a 5% dividend amounting to Rs. 70.87 lakhs for the fiscal year 2078/79. During the 79th board meeting on Magh 16, they […]
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“NEPSE Drops 62.85 Points in 2 Days; Closes at 2,164.31 Today”
The Nepal Stock Exchange (NEPSE) Index had a rough trading session today, closing at 2,164.31 points, which was a decline of 36.19 points or 1.64% compared to yesterday’s close. The index started at 2,202.99 and reached its highest point at 2,206.46 during the day. However, it experienced a downward trend throughout the session, hitting a […]
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“ICRA Nepal Reaffirms BB+ Issuer Rating for Mid Solu Hydropower, Signaling Moderate Default Risk”
ICRA Nepal Limited has reaffirmed the issuer rating of Mid Solu Hydropower Limited as BB+, which means they have a moderate risk of default in timely servicing of financial obligations. The rating is an overall opinion on the creditworthiness of the company and not tied to any specific debt instrument.
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“NLICL Announces 8% Bonus Shares Listed on NEPSE”
National Life Insurance Company Limited (NLICL) has listed 37,12,345.50 unit bonus shares on NEPSE. This decision came after the company’s 35th AGM, where a 14.5% dividend for the fiscal year 2078/79 was approved. The dividend includes 8% bonus shares valued at approximately Rs. 37.12 crores and a 6.5% cash dividend (including tax) worth Rs. […]
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“PRIN Trading Resumes Post NEPSE Approval”
Today, the Nepal Stock Exchange approved the resumption of securities trading for Prabhu Insurance Company Limited (PRIN). The decision came after a delay in providing NEPSE with information about PRIN’s board of directors meeting, where they decided to issue right shares in the ratio 1:0.65 on Ashad 27, 2080.
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“NEPSE Index Plummets by 1.19% to Close at 2200 Levels with Volume of Rs. 4.73 Arba”
Today, the Nepal Stock Exchange (NEPSE) Index closed at 2,200.50 points, showing a decrease of 26.66 points or 1.19% compared to yesterday’s closing. This decline follows a significant surge of 63.24 points on the previous trading day. The index started the session at 2,227.21 and reached its highest point at 2,243.78 during the day. […]
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“Nepal’s Trade Deficit Narrows to Rs. 14.54 Kharba in FY 2079/80 with Rs. 16.11 Kharba Total Imports”
Nepal saw a significant improvement in its trade balance in fiscal year 2079/80 as trade deficits decreased by 15.45% compared to the previous year 2078/79. This improvement was mainly due to a sharp decline in imports, which dropped by 16.08% during the same period. The government’s strict measures played a crucial role in reducing […]
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“Narayani Development Bank Q4 Loss: Rs. 2.91 Cr, Net Worth/Share: Rs. 36”
Narayani Development Bank Limited (NABBC) has released its fourth-quarter report for the financial year 2079-80, showing a net loss of Rs. 2.91 crores. This marks an improvement compared to the same quarter in the previous financial year (2078-79), where the company had a higher net loss of Rs. 5.42 crores. Notably, the impairment charges have […]
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