Day: February 23, 2024

  • Possible challenges while receiving large sum of money from Abroad.

    Possible challenges while receiving large sum of money from Abroad.


    May sending a large sum of money to Nepal may present challenges for both the sender and receiver. Are there difficulties associated with transferring a substantial amount from abroad? What risks, problems, or formalities must one navigate in this process?

    In a specific case, if a business owner in the USA aims to send a significant amount, such as a billion, to their family in Nepal, are there potential obstacles, and can the family smoothly receive such a substantial sum?

    Moreover, does the NRB scrutinize the transaction before the receiver gains access to the funds? Seeking insights from experts familiar with this field would be beneficial to clarify any doubts.

    View on r/NepalStock by anoymous_dreamer

  • Promoters Auction Shares: Prabhu Bank (PRVU) and Kumari Bank (KBL) Initiatives for Existing Shareholders

    Promoters Auction Shares: Prabhu Bank (PRVU) and Kumari Bank (KBL) Initiatives for Existing Shareholders


    The current promoters of Prabhu Bank Limited (PRVU) have initiated the auctioning of 7,53,892 unit shares exclusively to its existing promoter shareholders, starting today. Eligible shareholders are invited to participate in the bidding process within 35 days from the publication date of this notice, which is the 11th of Falgun. Bids should be submitted at the central office of the bank situated in Babarmahal, Kathmandu. The closing price of PRVU on the previous day was Rs. 149.40.

    Auction Notice for Kumari Bank Limited (KBL):

    The existing promoter of Kumari Bank Limited (KBL), Ram Kumari Paudel, is putting up 4,115 units of shares for auction to fellow promoter shareholders, effective immediately. Eligible shareholders are urged to submit their bids within 35 days from the publication date of this notice, which is the 11th of Falgun. Bids can be submitted at the central office of the bank in Tangal, Kathmandu, or at Kumari Capital Limited located in Naxal, Nagpokhari, Kathmandu. In the event that no bids are received from existing founder shareholders within the specified timeframe, the shares will be opened for auction to the general public. The closing price of KBL on the previous day was Rs. 145, while KBLPO has a Last Traded Price (LTP) of Rs. 106.00 as of 21st February 2024.

  • Nepal Investment Mega Bank Successfully Concludes Allotment for 10% Debenture 2090 Public Issue

    Nepal Investment Mega Bank Successfully Concludes Allotment for 10% Debenture 2090 Public Issue


    Nepal Investment Mega Bank Limited (NIMB) has recently completed the allotment process for the public offering of the “10% NIMB Debenture 2090” on the 10th of Falgun, 2080. The issuance, which commenced on the 1st of Falgun, concluded on the 4th of Falgun, 2080.

    A total of 40.40 lakh units were made available during the issuance, each having a par value of Rs. 1000. Out of the entire unit allocation, 60%, equivalent to 24.24 lakh units, was designated for subscription through private placement. Meanwhile, the remaining 16.16 lakh units, valued at Rs. 1.61 Arba, were open for public subscription. Additionally, 5%, amounting to 80.80 thousand units, were specifically set aside for mutual funds. The overall funds to be generated from this issuance are expected to total Rs. 4.40 Arba.

    The “10% NIMB Debenture 2090” is aptly named, signifying its nature as a debenture with a maturity period spanning 10 years and a fixed coupon rate of 10%. Prabhu Capital Limited played the role of the issue manager throughout this process.

  • How to transfer money from india to nepal?

    How to transfer money from india to nepal?


    How do i send 1cr from india to nepal.My money is totally legal, everything i have earn from stocks trading. Should i carry cash and cross the border?? Is this a good idea?

    View on r/NepalStock by 9_teeenn

  • SuryaJyoti Life Insurance Company Holds Dividend for FY 2079/80 and Unveils Merger Details

    SuryaJyoti Life Insurance Company Holds Dividend for FY 2079/80 and Unveils Merger Details


    SuryaJyoti Life Insurance Company Limited (SJLIC) recently announced its decision to refrain from distributing dividends for the Fiscal Year 2079/80. This resolution emerged from discussions during the Board of Directors’ meeting held on Falgun 10, 2080, where comprehensive financial details of the fiscal year were deliberated.

    A notable development mentioned in the announcement is the successful merger of Surya Life Insurance Company Limited and Jyoti Life Insurance Company Limited. The merger, accomplished at a ratio of 1:0.8245, resulted in the formation of a unified entity known as “SuryaJyoti Life Insurance Company Limited.” The commencement of joint business operations took place on Poush 7, 2079.

    Formerly, Jyoti Life Insurance Company reported profits from Shrawan 1, 2079, to Poush 6, 2079. These profits have been allocated to the reserve fund of SJLIC. Additionally, a strategic decision has been made to consolidate all assets and liabilities, encompassing capital, reserves, investment amounts, and life insurance funds, into Suryajyoti Life Insurance Company Limited.

    As of the latest update, SJLIC is reported to have a Last Traded Price (LTP) of Rs. 491.20.