Day: August 27, 2023

  • “Kumari Capital’s Mutual Fund Schemes Experience NAV Decline After Losses in Baisakh”

    “Kumari Capital’s Mutual Fund Schemes Experience NAV Decline After Losses in Baisakh”


     

    “Kumari Capital Releases NAV Report for KEF, KDBY, and KSLY in Shrawan 2080”

    Kumari Capital has disclosed the Net Asset Value (NAV) reports for Kumari Equity Fund (KEF), Kumari Dhanabriddhi Yojana (KDBY), and Kumari Sunaulo Lagani Yojana (KSLY) for the month of Shrawan, 2080.

    In this period, Kumari Equity Fund (KEF) exhibits a fund size of Rs. 1 billion. The NAV for Shrawan is recorded at Rs. 10.81, as opposed to the previous month’s Rs. 11.03. The fund’s investments include Rs. 71.34 crore in listed company shares, Rs. 1.28 crore in public offerings like right shares and bonus shares, along with Rs. 15.87 crores in bonds/debentures and Rs. 2 crores in fixed deposits.

  • “Vision Lumbini Urja IPO: Shares Offered to Kaski Locals and Nepalese Abroad from Bhadra 19”

    “Vision Lumbini Urja IPO: Shares Offered to Kaski Locals and Nepalese Abroad from Bhadra 19”


     

    Vision Lumbini Urja Company Limited has released a formal offer letter for its Initial Public Offering (IPO), targeting individuals affected by the project in Kaski District and Nepalese citizens employed overseas.

    The IPO subscription window, specifically tailored for local residents and Nepalese citizens working abroad, will be accessible from the 19th of Bhadra to the 2nd of Ashwin in the year 2080. It’s important to note that in the case of Kaski District residents, if the subscription remains undersubscribed by the initial closing date, the offering period may extend until the 17th of Ashwin. However, for Nepalese citizens working abroad, the IPO offering will not be prolonged beyond the initial closing date.

     

  • “Broker 75 Mega Stock Markets Commences Operations”

    “Broker 75 Mega Stock Markets Commences Operations”


     

    Mega Stock Markets Limited, identified with broker number 75, has officially commenced its operations on Bhadra 8, 2080. The inaugural event, marked by a formal ceremony, was graced by the presence of key figures including the company’s chairman, Dr. Govinda Nepal, Mr. Ramesh Kumar Hamal, the chairman of SEBON, Mr. Prithivi Bahadur Pande, the chairman of Nepal Investment Mega Bank, and Mr. Krishna Bahadur Karki, the CEO of Nepal Stock Exchange, among others, according to the information provided by the media statement.

     

  • “Joshi Hydropower Calls AGM on 31st Bhadra to Approve 65% Right Shares Issue”

    “Joshi Hydropower Calls AGM on 31st Bhadra to Approve 65% Right Shares Issue”


     

    Joshi Hydropower Development Company Limited has scheduled its 8th Annual General Meeting (AGM) for the 31st of Bhadra. The AGM will take place at Lisara Banquet Hall in Naxal, commencing on Sunday at 11:00 AM. The company has also announced that the book closure date has been set for the 18th of Bhadra. This means that investors who hold shares before this date will be qualified to participate in the company’s 8th AGM.

  • “NEPSE Dips Below 2000, Closes at 1993.38; Kutheli Bukhari Hydro Shows Positive Circuit”

    “NEPSE Dips Below 2000, Closes at 1993.38; Kutheli Bukhari Hydro Shows Positive Circuit”


     

    In today’s trading on the Nepal Stock Exchange (NEPSE), the NEPSE Index closed at 1,993.38 points, marking a decrease of 20.54 points or 1.02% compared to yesterday’s closing. The index had faced a loss of 31.52 points on the previous trading day.

    The trading session began with the index starting at 2,014.21 points and hitting a high of 2,016.11 during the day. However, the market saw a low point of 1,989.22 before settling at the closing value of 1,993.38.

    Throughout the day’s trading activities, a total of 280 different scrips were traded in 38,666 transactions. Notably, a substantial volume of shares, totaling 3,895,236 shares, were exchanged, resulting in a turnover of Rs. 1.26 Arba.

     

  • “Listing of 21.67 Crore Laxmi Sunrise Bank Shares on NEPSE Post Merger”

    “Listing of 21.67 Crore Laxmi Sunrise Bank Shares on NEPSE Post Merger”


     

    Following the successful merger of Laxmi Bank Limited and Sunrise Bank Limited, a total of 21,670,237,900 shares of the newly formed entity, Laxmi Sunrise Bank Limited (LSL), have been officially listed on the Nepal Stock Exchange (NEPSE). The merger, which brought together two prominent financial institutions in Nepal, Laxmi Bank Limited (LBL) and Sunrise Bank Limited (SRBL), was completed at a share swap ratio of 1:1, after receiving the necessary approval from Nepal Rastra Bank (NRB), the central bank of Nepal.

    Before the merger, Laxmi Bank Limited (LBL) had a paid-up capital of Rs. 11.55 Arba, while Sunrise Bank Limited (SRBL) had a paid-up capital of Rs. 10.11 Arba. The consolidation of these two banks resulted in a combined paid-up capital of Rs. 21.67 Arba for the newly formed Laxmi Sunrise Bank Limited. This strategic merger marks a significant step in the Nepalese banking sector, combining the strengths and resources of two major players to create a more robust and competitive entity that aims to better serve the financial needs of the country.