The Nepal Stock Exchange (NEPSE) Index rose by 1.14%, or 23.94 points, closing at 2,115.94 points today. This follows a gain of 27.54 points in the previous trading session. The recent upward trend in the NEPSE index is attributed to the positive impact of the monetary policy review concluded last Friday for the third quarter […]
RSDC Laghubitta Bittiya Sanstha Ltd. (RSDC) has converted 849,916 units of promoter shares into public shares, adjusting the promoter-to-public share ratio to 51:49. This change aims to increase public participation in the company. Currently, RSDC has 9,443,511 unit shares listed on the Nepal Stock Exchange (NEPSE). Previously, the company’s shareholding structure was 60% promoters and
Arun Valley Hydropower Development Company Limited (AHPC) has listed 1,86,79,626 units of right shares on the Nepal Stock Exchange (NEPSE). Earlier, the company offered right shares to its shareholders in a 1:1 ratio, issuing 1,86,79,626 units from 17th Falgun to 7th Chaitra, 2080. Out of these, 1,66,87,492 units, representing 89.34%, were allotted to eligible shareholders.
The Nepal Stock Exchange (NEPSE) Index saw a gain of 1.33%, or 27.54 points, closing at 2,092 points today, following a substantial increase of 45.69 points in the previous session. The index opened at 2,069.88 and touched an intraday low of 2,069.52. It briefly reached as high as 2,121.01 before settling at 2,092 points. In
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The Nepal Stock Exchange (NEPSE) Index experienced a notable increase today, climbing 2.26% or 45.69 points, to close at 2,064.45 points. This surge follows a modest gain of 0.79 points in the previous session. The market opened strong, with an initial gain of 26.04 points, marking a 1.29% rise during the pre-open session. The trading
The gold and silver market in Nepal has reached unprecedented heights, hitting a historic peak on May 19, 2024. The Federation of Nepal Gold and Silver Traders’ Association reported a significant surge in gold prices. Fine gold prices soared by Rs. 1,600 to an extraordinary Rs. 1,40,900 per tola, up from Rs. 1,39,300. Similarly, the
Mahalaxmi Bikas Bank Limited (MLBL) has made history by signing a memorandum of understanding with Nepal Clearing House (NCHL), marking a first among development banks to facilitate international payments between Nepal and India. This groundbreaking agreement enables direct fund transfers between Indian citizens in Nepal and their accounts in India, as well as Nepalese citizens
Mero Microfinance Laghubitta Bittiya Sanstha Limited (MERO) has announced a significant alteration in its share structure, aimed at boosting public ownership and enhancing investor participation. As per the notice published by the company, the promoter-public shares conversion ratio has been adjusted from the existing 69.40% – 30.60% to 59.40% – 40.60%, following approval from Nepal
Prime Minister Pushpa Kamal Dahal, also known as ‘Prachanda,’ has urged the private sector to invest confidently in Nepal’s hydropower sector. Speaking at the 22nd annual general assembly of the Independent Power Producers’ Association, Nepal (IPPAN), the Prime Minister highlighted a significant milestone: the signing of an agreement with India to export 10,000 megawatts of
