Month: July 2023
Arun Valley Hydropower Development Company (AHPC) Receives Final Approval for 1:1 Right Share Issuance
Arun Valley Hydropower Development Company Limited (AHPC) has received the final approval from the Electricity Regulatory Commission to issue right shares to its shareholders at a ratio of 1:1. This decision was made during the Special General Meeting (SGM) held on Ashad 07, where 100% rights shares were endorsed for distribution among the shareholders. The […]
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Radhi Sana Hydropower Project’s 4.4 MW Capacity Put on Hold Due to Flood Damage
The Radhi Sana Hydropower Project, with a capacity of 4.4 MW and owned by Radhi Bidyut Company Limited (RADHI), has come to a halt due to flooding. The recent flood and landslide on Ashad 22 caused significant damage to the project’s headworks and head race pipe, resulting in the suspension of energy production. Located in […]
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Reliable Nepal Life Insurance IPO: 12 Lakh Unit Shares for Nepalese Citizens Working Abroad
Reliable Nepal Life Insurance Company Limited has initiated the issuance of 12,00,000 units of IPO shares exclusively for Nepalese citizens working abroad. The IPO shares will be available for subscription starting today, July 27th, and the closing date for the issue is August 10th. The company’s total issued capital is Rs. 4 Arba, with […]
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58,000 Promoter Shares of Janaki Finance Company Up for Auction Today
Starting from today, the existing promoters of Janaki Finance Company Limited (JFL) are offering 58,000 units of shares for auction to the general public and institutions. Previously, the founder shareholders had announced the auction of these 58,000 units of promoter shares on a different date, but no applications were received. As a result, the […]
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Gold Price Rises by Rs 300 Per Tola in Nepalese Market; Silver Up by Rs 5
Today, the price of gold in the Nepalese market has increased by Rs. 300 per tola. As per the Federation of Nepal Gold and Silver Dealers’ Association’s official website, fine gold is currently being traded at Rs. 111,600 per tola, compared to yesterday’s rate of Rs. 111,300 per tola. Similarly, Tejabi gold is being traded […]
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NEPSE Ends Session with 1.22% Gain; SHIVM Tops Turnover
Today, the NEPSE index, which represents the stock market performance in Nepal, ended at 2,097.55 points. It gained 25.31 points compared to the previous trading day, which is a 1.22% increase. Yesterday, the index had experienced a loss of 4.73 points. The day started with an opening value of 2,072.24, which also served as […]
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“Joshi Hydropower Appoints Laxmi Capital as Issue Manager for 65% Right Share Offering”
Joshi Hydropower Development Company has chosen Laxmi Capital Market as the issue manager to handle the issuance of its right shares to current shareholders. According to a media statement, the company will be offering shares in a ratio of 1:0.65. During a program, the CEO of the merchant bank, Mr. Rajiv Sapkota, and the chairman […]
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“Nepal Stock Exchange (NEPSE) Drops 5.53 Points in 2 Days; Intraday Turnover Plummets to Rs 2.85 Arba”
The NEPSE index experienced a decline of 4.73 points, closing at 2,072.24 today, resulting in a loss of 0.23% compared to the previous trading day. Yesterday, the index had a decrease of 0.80 points. Starting at 2,078.25, the index reached a high of 2,084.92 during the day but also dropped to a low of […]
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SEBON Approves 35% Right Shares of Multipurpose Finance Company; Issue of 15.82 Lakh Shares Imminent
The Securities Board of Nepal (SEBON) has given its approval to Multipurpose Finance Company Limited (MPFL) for a rights offering. MPFL plans to issue 35% right shares valued at Rs. 15.82 Crores, which will involve distributing 1,582,000 (1:0.35) units of right shares to its existing shareholders. Currently, MPFL has a paid-up capital of Rs. […]
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IME Life Insurance IPO Oversubscribed 1.4 Times with 10.84 Lakh Applicants
IME Life Insurance Company Limited is concluding the issuance of 96,00,000 unit shares to the general public starting from today, which is the 25th of Ashad. The issuance began on the 21st of Ashad, 2080. The company has an issued capital of Rs. 4 Arba, out of which 30% or 1,20,00,000 unit shares are […]
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