Day: August 30, 2023
“Final Day to Apply for Mandu Hydropower IPO for General Public”
The initial closing date for this offering is set for the 13th of Bhadra. If the subscription falls short, the deadline could extend to the 24th of Bhadra, in the year 2080. CDS and Clearing Limited (CDSC) has reported that they’ve received a total of 833,615 applications, requesting a combined 9,136,780 unit shares, amounting to […]
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“ICRA Nepal Reaffirms AMC Quality 3 Rating for Citizens Capital’s Management”
ICRA Nepal Limited has confirmed the Fund Management Quality Rating (FMQR) of [ICRANP] AMC Quality 3 (pronounced ICRA NP Asset Management Company Quality Three) for Citizens Capital Limited. This rating signifies that entities with AMC3 offer reasonable confidence in their management quality. It’s important to note that ICRA Nepal’s assessment doesn’t comment on legal […]
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“Sreenagar Agritech Teams Up with Nabil Investment for 13 Lakh Share IPO”
Sreenagar Agritech Industries has chosen Nabil Investment Banking to manage the release of 1.3 million shares to the public. The agreement was made official through a signing between the CEO of the bank, Mr. Manish Narayan Joshi, and the MD of the company, Mr. Satish Chand Shrestha. The company, known for its agricultural and […]
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“NEPSE Lists 11% LBBLD89 and MLBLD89 Debentures of 2089”
On Wednesday, which corresponds to the date 2080/05/13 in the Nepali calendar, Lumbini Bikas Bank Limited (LBBL) and the Nepal Stock Exchange (NEPSE) signed an agreement for the listing of 11 Percent L.B.B.L. Debenture 2089 (LBBLD89). As per the agreement, 10 lakh units of these debentures are being listed at a par value of Rs. […]
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“NIC Asia Capital Reveals NAV Reports of Mutual Fund Schemes”
NIC Asia Capital, the manager of the 10-year closed-end mutual fund scheme called NIC Asia Balanced Fund (NICBF), has released the Net Asset Value (NAV) report for the month of Shrawan. The NAV for this period is recorded at Rs. 11.18, showing a slight decrease from the previous month’s Rs. 11.28. The scheme was […]
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“Millennium Challenge Corporation (MCC) Project Implementation Starts”
The much-anticipated Millennium Challenge Corporation (MCC) initiative is about to start on Wednesday. This project, spanning five years, will begin its implementation on August 30, 2023, which aligns with the 13th of August in the Nepali calendar. Today, the Ministry of Finance is organizing an event to officially announce this significant milestone. As per […]
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“NEPSE Drops 2.82 Points to 1990.59; Market Cap at Rs. 29.79 Kharba”
During today’s trading session, the Nepal Stock Exchange (NEPSE) Index concluded at 1,990.59 points, experiencing a slight decline of 0.14% or 2.82 points from yesterday’s closing. The day began with the index starting at 1,994.63 and hitting its highest point at 2,001.72 within the day. However, there was a dip to an intraday low […]
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