The Nepal Rastra Bank (NRB), the central bank of Nepal, has presented an overview of the country’s macroeconomic and financial situation based on data from the first seven months, ending mid-February of 2023/24. Overall According to NRB, the inflation rate was estimated at 5.01% on a year-on-year basis. The gross foreign exchange reserves reached USD […]
The final approval from the Electricity Regulatory Commission has been granted to Barahi Hydropower Public Limited (BHPL) for the issuance of right shares in a 1:1 ratio for its shareholders. The hydropower company had proposed to issue 100% right shares based on its paid-up capital of Rs. 25 Crores. Following the adjustment of the proposed
The Securities Exchange Board of Nepal (SEBON) has included the right shares of Khani Khola Hydropower Company Limited (KKHC) in its preliminary review process. The company submitted the application to the board on Falgun 17, 2080. Khani Khola Hydropower Company Limited plans to issue 100% right shares, amounting to Rs. 46.57 Crores. This will involve
Hathway Investment Nepal Limited (HATHY) has notified its investors and stakeholders regarding the impending expiration of the lock-in period for 36,512 unit shares held by Mutual Funds. The Securities Board of Nepal (SEBON) has directed that this lock-in period will conclude on 1st Chaitra, 2080. HATHY, with a total of 25,740,000 units of shares listed
The gold market in Nepal witnessed yet another remarkable surge, surpassing the record set just the day before, reaching an unparalleled peak on March 6, 2024. The Federation of Nepal Gold and Silver Dealers’ Association reported an extraordinary single-day increase of Rs. 500, driving the price of fine gold to an unprecedented rate of Rs.
The gold market in Nepal saw an extraordinary surge, reaching an unprecedented all-time high on March 5, 2024. According to the Federation of Nepal Gold and Silver Dealers’ Association, fine gold recorded a remarkable single-day increase of Rs. 2,000, soaring to an extraordinary rate of Rs. 1,23,000 per tola. This surge surpassed the previous record
The IPO allotment process for Sabottam Cement, a prominent cement company, is set to conclude on Friday. Lucky applicants who successfully secure shares will receive an allotment of 50 units each through a lottery system. This eagerly anticipated event marks a significant step in the company’s public offering, providing an opportunity for investors to become
Citizens Bank International Limited (CZBIL) is launching a home loan scheme featuring a fixed interest rate of 9.99% for the initial seven years, providing customers with an opportunity to realize their dream homes. Following this initial period, a premium rate, 1% higher than the bank’s average monthly base rate, will be applicable. The home loan
Corporate Development Bank Limited (CORBL) is set to auction 3,08,500 shares to existing promoter shareholders, beginning today. The interested parties are invited to submit their bids within 35 days from the publication date of this notice, i.e., by the 20th of Falgun, 2080. Bids should be submitted at the company’s central office located in Birgunj,
The price of gold has seen a significant rise, increasing by Rs. 560 per tola compared to the previous day’s trading. As reported by the Federation of Nepal Gold and Silver Dealers’ Association (FENEGOSIDA), fine gold is currently being traded at Rs. 1,19,000 per tola, marking a Rs. 600 increment from yesterday’s trading price of
The current promoter of Kumari Bank Limited (KBL) has initiated the auction of 6,41,284 units of shares exclusively to interested promoter shareholders, starting from today. Only eligible shareholders are invited to participate in the auction, with bids accepted within 35 days from the date of this notice, concluding on the 18th of Falgun. Bidders are
Seed Energy Ltd has finalized an agreement with NMB Capital Limited for the management of its Initial Public Offering (IPO). This development signifies a noteworthy achievement for Seed Energy Ltd as it prepares to introduce its shares to the public. The collaboration with NMB Capital Limited, a renowned entity in issue management, is anticipated to
