Month: August 2023
“Closing Today: 9% Nepal SBI Bank Debenture 2089 (NSBD98) Issue”
Starting from today, Nepal SBI Bank Limited is concluding the public offering of its “9% Nepal SBI Bank Debenture 2089,” consisting of 2,000,000 units priced at Rs. 1000 per unit. Initially, the issue had commenced on the 18th of Shrawan, 2080, and was scheduled to close early on the 22nd of Shrawan. However, due […]
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“API Power Begins 40% Right Share Issue Today”
API Power Company Limited (API) has initiated the sale of right shares, beginning today (Shrawan 31), which represents 40 percent of its current paid-up capital. The company’s plan involves offering 4 new shares for every 10 existing shares held. This means a total of 16,533,137 right shares will be available, each priced at Rs. […]
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“Transition to Public Entities Enables IPO Authorization for Private Limited Companies”
Once a private limited company becomes a public entity, it will have the ability to initiate an initial public offering (IPO) after gaining approval. In a recent cabinet meeting on Tuesday, the Securities Registration and Issuance (Seventh Amendment) Regulations of 2080 were given the green light. This approval introduced new rules to the capital […]
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“Final Day for Manakamana Engineering Hydropower IPO Applications; 1.308 Crore Units Received”
Manakamana Engineering Hydropower Limited is concluding the offering of its 2,276,620 unit IPO shares with a face value of Rs 100 each, starting today on the 31st of Shrawan, 2080. This date marks the early closing deadline for the IPO. Should the issue not have garnered full subscriptions by the 31st of Shrawan, the closing […]
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“NEPSE Drops 52.11 Points in 2 Consecutive Days, All Sectors Finish in the Red”
In today’s trading, the Nepal Stock Exchange (NEPSE) Index ended at 2,025.12 points, showing a decrease of 20.31 points or 0.99% compared to yesterday’s close. The index had suffered a loss of 31.80 points during the previous trading session. The trading day began with the index starting at 2,044.75 points. However, the market went […]
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“Reliable Nepal Life Insurance IPO Allotment Concludes, Leaves Nearly 400,000 Applicants Empty-Handed”
The IPO allotment for Reliable Nepal Life Insurance Limited (RENLICL) has wrapped up today at the Civil Capital Market premises in Sundhara, Kathmandu. The company had offered 9,600,000 IPO shares at a face value of Rs 100 per share, along with a premium of Rs 157, making the total cost per share Rs 257. […]
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“Nabil Bank Launches Nabil Dhukka Ghar Karja with 10.99% Fixed Interest Rate and 70% Property Value Loan”
Nabil Bank is introducing an attractive option for home loans, presenting two competitive fixed interest rate choices: 10.99% for a 7-year term and 11.99% for a 10-year term. Homeowners often worry about fluctuating rates impacting their monthly payments, as explained by Chadani Shrestha, Head of the Personal Lending Unit at Nabil Bank. To address […]
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“Urgent Notice: Nepal SBI Bank and Mahalaxmi Bikas Bank Call on Shareholders to Claim Pending Dividends”
Nepal SBI Bank Limited (SBI) and Mahalaxmi Bikas Bank Limited (MLBL), along with their former entities (Century Commercial Bank Limited, Arniko Development Bank Limited, Innovative Development Bank Limited, Alpin Finance Limited, Sagarmatha Finance, and Seti Finance Limited), have issued a notice to their respective shareholders regarding the retrieval of outstanding dividends that were approved […]
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“Closing Today: Auction of 15,77,211 Unclaimed Right Shares by Himal Dolakha Hydropower Company”
Himal Dolakha Hydropower Company Limited (HDHPC) is wrapping up the sale of 15,77,211 regular shares to the public, starting today, the 29th of Shrawan, 2080. The auction began on the 22nd of Shrawan. The auction includes 15,77,211 units of regular shares that were not claimed during the initial offering. Earlier, the company had offered existing […]
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“CHCL Earns Rs. 69.45 Crores in Q4 of FY 79-80; Decline in Profits Linked to Reduced River Flow”
Chilime Hydro Power Company Limited (CHCL) has released its fourth-quarter report for the recently concluded financial year 2079-80, showing a nearly 8 percent decrease in Net Profits. In the final quarter of FY 2079-80, the company recorded profits of Rs. 69.45 crores, down from Rs. 75.42 crores in the same quarter of FY 2078-79. […]
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