Prime Life Insurance Company Limited (PLIC) has announced a change in its promoter to public shareholding ratio. On the 24th Poush, 2079, the company held its 15th AGM. The AGM approved the board’s proposal to change the promoter/public share ratio of the company from 60:40 to 51:49. The company has now informed that if […]
Gurans Laghubitta Bittiya Sanstha Limited (GLBSL) has listed 39,000 Units Bonus Shares on NEPSE. The board of directors decided to distribute the dividend from the paid-up capital of Rs. 9.75 crores at its 117th meeting on Mangsir 27. The company proposed and distributed a 4% bonus share and a 0.210526% cash dividend. As a
Multipurpose Finance Company Limited handled the process of issuing rights shares (MPFL). In an application filed on February 29, the company requested approval from the Securities and Exchange Commission (SEBON) to issue rights shares. If SEBON grants permission for the said right shares, MPFL will distribute 35 percent of the paid-up capital, or 1:0.35, to
For the first eight months of the current fiscal year 2079/80, the government’s budget deficit exceeded Rs. 1.56 Kharba. By the end of Falgun, the government had spent 7.79 Kharba of its budget, but had only collected 6.22 Kharba in total revenue. Meanwhile, only 22.15% of capital expenditure (CAPEX) is used until the end
The deadline for the sale of 2,96,000 units of promoter share has been extended till Chaitra 6, 2079, according to Kumari Bank Limited (KBL). KBL’s existing promoters have started auctioning off their 2,96,000 unit promoter stake. The auction began on the 16th of Falgun and was scheduled to end tomorrow, on the 30th of Falgun,
Sabaiko Laghubitta held its 6th AGM on Falgun 26, 2079, led by company chair Mr. Narayan Prasad Joshi. According to the media statement, the AGM decided to approve 18% bonus shares and 0.95% cash dividends to its shareholders, as well as authorize the board to conduct any merger/acquisition work with suitable institutions.
According to the Nepal Rastra Bank, inflation remained at 7.88 percent year on year. During the mentioned period, the gross foreign exchange reserves stood at USD 10.50 billion, while total imports and exports decreased by 19.9 percent and 29 percent, respectively, and the trade deficit decreased by 18.7 percent. The outstanding concessional loan was Rs.210.96
The Nepal Bankers Association (NBA) has decided to lower the interest rate on savings while keeping the interest rate on fixed deposits unchanged. The meeting was attended by the CEOs and representatives of all commercial banks to review the interest rate beginning on Chaitra 1. Savings interest rates currently range from 6.42 percent to
The price of gold has decreased by Rs. 500 per tola today. According to the official website of the Federation of Nepal Gold and Silver Dealers’ Association, fine gold is being traded today at Rs. 101,000 per tola. In the last three days, the price of gold has decreased by Rs 1,800 per tola.
The ultimate merger procedure has been completed between Sana Kisan Bikas Laghubitta Bittiya Sanstha Limited (SKBBL) and RMDC Laghubitta Bittiya Sanstha Limited (RMDC). On Bhadra 31, 2079, the firms signed a merger agreement. Similarly, the share exchange ratio between Sana Kisan and RMDC has been determined to be 1:0.87. Investors who now own 100 shares
On Falgun 18, 2079, the Securities Board of Nepal (SEBON) approved the “10.75% NMB Debenture 2089/2090”. NMB Bank Limited (NMB) plans to issue 40 lakh unit debentures at Rs 1000 per unit. The bank will offer a 10.75% interest rate on the debenture for ten years
This week’s index closed at 1,969.02, a loss of 53.62 points (2.65%). The index closed at 2,022.64 last week, down 2.31% from the previous week. This week, the index reached a high of 2,042.95 and a low of 1.969.02, resulting in a 73.93 point volatility. The previous week’s volatility on the index was 68.79 points.
