Month: September 2024
Protective Micro Insurance to Issue 2.25 Million Ordinary Shares to Public
Protective Micro Insurance Limited has announced its decision to issue 2,250,000 ordinary shares to the general public. Each share will be offered at NPR 100, with the total call amount summing up to NPR 22.50 Crore. The issuance is part of the company’s effort to raise capital and expand its business operations. To facilitate the […]
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Promoter Shares of Best Finance Company Now Listed in NEPSE
A total of 3,56,074.57 units of promoter shares from Best Finance Company Ltd. (BFC) have been successfully listed on the Nepal Stock Exchange (NEPSE). These shares, which were auctioned earlier, are now available for trading under the symbol BFCPO. The auction took place between 4th Ashadh, 2081, and 11th Ashadh, 2081, offering shareholders the opportunity […]
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NEPSE Index Falls by 55.86 Points, Continuing Downward Trend
The Nepal Stock Exchange (NEPSE) Index experienced another significant drop, declining by 55.86 points, or 2.06%, to close at 2,646.03 points. This continues the downward trend from the previous session, where the index had already lost 25.46 points. The trading session began at 2,702.57 points, with the index reaching an intraday high of 2,706.54 points. […]
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Life Insurance Company Proposes 10% Bonus Shares and 7% Rights Issue to Meet Capital Requirement
At the recent 16th Board of Directors meeting held on Bhadra 7, a significant decision was made to distribute a 10% bonus share and a 0.526% cash dividend, including tax, to shareholders. This move aims to enhance the company’s capital base from the existing paid-up capital of Rs. 4.29 Arba. The company plans to issue […]
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NEPSE Index Sees Continued Decline, Drops 25.46 Points
The Nepal Stock Exchange (NEPSE) Index continued its downward trajectory, slipping by 25.46 points, or 0.93%, to close at 2,701.90 points. This follows a 12.10-point decline in the previous trading session. The trading day opened with the index at 2,732.83 points, briefly reaching an intraday high of 2,760.45 points before falling to a low of […]
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Gold Prices Drop by Rs. 1,200 Per Tola in Nepal
The gold market in Nepal has seen a significant decline, with fine gold prices dropping by Rs. 1,200 per tola. According to the latest report from the Federation of Nepal Gold and Silver Dealers’ Association (FENEGOSIDA), fine gold is now being sold at Rs. 152,100 per tola, a decrease from its previous rate of Rs. […]
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Nepal’s Commercial Banks Reduce Base Interest Rates to 7.92%
Commercial banks in Nepal have lowered their average base interest rate to 7.92% for the period between mid-August and mid-September. This marks a decrease of 0.25 percentage points from the previous months, driven by an excess of loanable funds. The reduction indicates that lending rates may also fall in the near future. According to data […]
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Sanima Capital Announces Book Closure Date for Mutual Fund Dividend Distribution
Sanima Capital Limited has announced the book closure date for the dividend distribution of its closed-end mutual fund schemes. The book closure date has been set for 26th Bhadra, meaning unit holders who maintain their holdings until 25th Bhadra will be eligible for the dividend payout. In a meeting held on 14th Bhadra, the board […]
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NEPSE Index Drops Sharply by 90.73 Points to Close at 2,739.46
The Nepal Stock Exchange (NEPSE) Index saw a sharp decline today, plunging by 90.73 points, or 3.20%, to close at 2,739.46 points. This significant drop follows a modest gain of 6.90 points in the previous session, where the index ended at 2,830.16 points. The trading session started with the index at 2,860.07 points, but the […]
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Birgunj Transport Office Collects Over Rs 1.5 Billion in FY 2023/24
The Transport Management Office in Birgunj reported a substantial revenue collection of over Rs 1.5 billion for the Fiscal Year 2023/24. This marks an impressive increase of Rs 171.9 million compared to the Rs 1.35 billion collected in the previous fiscal year, according to Kamal Raj Gautam, Chief of the Transport Management Office, Birgunj. The […]
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