Prabhu Mahalaxmi Life Insurance Offers Founder Shares for Sale Prabhu Mahalaxmi Life Insurance Limited has announced the sale of its founder shares. The insurance company is offering 44,000 units of founder group shares to eligible buyers. According to the announcement, the shares being offered are owned by NRN Infrastructure and Development Limited. These shares are […]
Is the Nepalese Stock Market Poised for Growth? Stock Brokers Demand Implementation of Capital Market Reforms! The Stock Broker’s Association of Nepal (SBAN) is celebrating the recent report submitted by the Capital Market Reform Task Force and is strongly advocating for its immediate implementation. This task force, formed under the direction of Finance Minister Rameshwar
Nepal Stock Exchange (NEPSE) Suffers Second Consecutive Day of Decline After Dashain Holiday Kathmandu – The Nepal Stock Exchange (NEPSE) experienced a continued downturn, marking its second consecutive day of decline after the Dashain holiday. On Wednesday, the NEPSE index closed at 2559.59 points, a decrease of 45.36 points. The sensitive index, which measures the
Hydropower Plant Suspends Operations Due to Flood Damage Heavy rains and resulting flooding have forced a temporary shutdown of the Supermai Hydropower Project. The 7.8-megawatt hydropower plant, owned and operated by Supermai Hydropower Limited, has sustained damage due to recent extreme weather conditions in the Mai River region. Continuous rainfall, coupled with devastating flooding and
Hydropower Projects in Nepal Shut Down Due to Severe Flooding The Himal Dolakha Hydropower Company Ltd. has announced a complete shutdown of two of its key hydropower facilities in Nepal. The Mai Khola Small Hydropower Project (4.5 MW) and the Mai Small Cascade Hydropower Project (8 MW) have ceased operations due to significant damage caused
Hydropower Project Suspended After Heavy Rainfall and Landslides The Puwa 2 Hydropower Project (4.96 MW), operated by People’s Power Limited, has been temporarily shut down due to severe weather conditions. Recent heavy rainfall has led to floods and landslides, causing significant damage to the project’s headworks area. This disruption has forced the company to suspend
Khani Khola Hydropower Allots Rights Shares! The rights shares of Khani Khola Hydropower Company Limited have been allotted. The company conducted the issuance of rights shares from August 20th to September 21st. This rights issue, available to shareholders registered until July 11th, offered 4,657,143 rights shares at a price of Rs 100 per share, on
SY Panel Nepal IPO: Last Day to Apply for Locals! Today is the final day to apply for the initial public offering (IPO) of SY Panel Nepal Limited! The company began issuing shares to locals in project-affected areas on October 7th, and today marks the end of the application period. SY Panel received approval to
Stock Market Reopens After Dashain Holiday: What to Expect? Kathmandu – The stock market is set to reopen today after the Dashain holiday break. While the Dashain festivities concluded on Sunday, the government extended the holiday by two days due to floods and landslides, pushing back the reopening of share trading. There is widespread interest
Impact of Recent Flooding on Sanvi Energy’s Hydropower Projects in Nepal The recent heavy rainfall and severe weather conditions in Nepal have taken a toll, including the Ilam district and surrounding areas. Sanvi Energy Ltd. has announced significant disruptions to its hydropower generation capabilities due to landslides and flooding. As predicted by the Government of
Hydropower Project Damaged by Nepal Floods The Lower Jogmai Khola Hydropower Project, a 6.2 MW facility operated by Asian Hydropower Ltd., has suffered significant damage due to recent landslides and flooding in Ilam district, Nepal. The company issued a statement indicating that continuous rainfall, consistent with warnings from the Government of Nepal and other relevant
Kathmandu – After the Dashain holiday, the Nepal Stock Exchange (NEPSE) was scheduled to reopen today. However, due to unforeseen circumstances, the government has declared a public holiday for today and tomorrow, resulting in the closure of stock trading. The stock market was anticipated to resume operations today following the Dashain break. Unfortunately, the government
