Himalayan Capital Limited, the issue manager for the “Himalayan 80-20” MF scheme’s IPO, has announced the completion of allotment for the 85 million units made available to the general public. Initially, Himalayan Capital had offered 10 million units valued at Rs 1 billion, priced at Rs 10 per unit. Out of this total, 15 percent […]
Synergy Power Development Limited (SPDL) has decided to extend the deadline for its rights offering. The rights offering commenced on the 3rd of Bhadra, 2080, and was initially set to conclude on the 24th of Bhadra. However, the company has now extended the deadline to the 31st of Bhadra, 2080. In this rights offering, SPDL
The government is planning to allow 60 percent of the funds accumulated at the local level to be recognized as deposits. The Ministry of Finance has made this decision and is set to send a letter to the Nepal Rastra Bank on Friday. The Nepal Rastra Bank, starting today, is preparing to issue directives
Advanced Automobiles, the official distributor of Renault in Nepal, has entered into an auto loan partnership with Sanima Bank. This collaboration comes as the festive season approaches and the highly anticipated NADA Auto Show draws near. The primary aim of this agreement is to offer vehicle loans to Nepali customers at reduced interest rates. The
Nepal Life Insurance, in collaboration with the Nepal Red Cross Society, conducted a free primary health camp at Dudhkunda in Solukhumbu district. This remote location sits at an elevation of 4,632 meters above sea level. The health camp was held from Shrawan 11 to 14, 2080, primarily aimed at providing essential medical services to pilgrims.
ICRA Nepal Limited has given Unitech Hydropower Company Limited an issuer rating of [ICRANP-IR] B+. This rating signifies that Unitech Hydropower Company Limited carries a high risk of not meeting its financial obligations on time. It’s essential to understand that this rating is a general assessment of the company’s creditworthiness and is not
The rights issue began on the 31st of Shrawan and is set to conclude tomorrow, the 19th of Bhadra, 2080, at the close of banking hours. The company’s current paid-up capital is Rs. 4.13 Arba, and it will rise to Rs. 5.78 Arba after the proposed rights issue. In this new offering, the hydropower
Customers can earn a cashback of NPR 100 when they choose to make swift and secure ATM withdrawals or transactions using Point of Sale (POS) terminals. This special offer is available for a limited time. NMB Bank has received the esteemed “Bank of the Year Asia 2021” award from ‘The Banker Magazine’ of The
Nepal Airlines, the country’s flag carrier, is planning to launch flights to Bangalore, India, via a layover in Kathmandu. These flights will originate from Gautam Buddha International Airport in Bhairahawa. Starting on Jestha 29, Nepal Airlines will operate flights on the Bhairahawa-Kathmandu-Kuala Lumpur route every Tuesday. Beginning from Bhadra 12, the airline initiated ticket
Himalayan Capital’s mutual fund scheme, Himalayan 80-20, has witnessed significant demand, with applications exceeding the available units by 1.076 times, as reported by the Central Depository System and Clearing Limited (CDSC). The application period ended with more applications than units available. By 5:06 p.m. on Friday, the scheme had received applications for 9.14 crores
ICRA Nepal Limited has assigned a credit rating of [ICRANP-IR] BB (pronounced as ICRA NP Issuer Rating double B) to SY Panel Nepal Limited. This rating indicates that SY Panel Nepal Limited carries a moderate risk of not meeting its financial obligations in a timely manner. It’s important to note that this rating reflects a
Himalayan Capital Limited is concluding the public offering of its mutual fund scheme called “Himalayan 80-20” today, which is Bhadra 15, 2080. Initially, the offering started on the 32nd day of Shrawan and was supposed to end on the 4th day of Bhadra, 2080. However, due to a lack of sufficient applications, the closing
