NIC Asia Bank Limited is conducting an auction for promoter shares of three companies from 12th Shrawan to 18th Shrawan, 2080. The companies include Citizen Investment Trust (CIT), Suryodaya Womi Laghubitta Bittiya Sanstha Limited (SWMF), and Mahuli Laghubitta Bittiya Sanstha Limited (MSLB). Qualified investors can participate in the auction for 10,000 units of CIT promoter […]
Upper Lohore Hydropower Company Limited has successfully allotted IPO shares to project-affected local residents in the Dailekh District. The allotment process was concluded on the 10th of Shrawan, 2080. The company had issued 509,804 units of IPO shares, which represent 10% of the total issued capital of Rs. 50.98 Crores. Local residents from the
The current promoter of Kumari Bank Limited (KBL) is offering 240,101 units of shares for auction exclusively to existing promoter shareholders. The auction period starts on 11th Shrawan, 2080, and will last for 35 days from the date of this notice. Eligible shareholders, who are existing promoters, can participate in the bidding process by
Gold prices in the Nepalese market are soaring, reaching near an all-time high. According to the Federation of Nepal Gold and Silver Dealers’ Association, fine gold is now being traded at Rs. 113,500 per tola, experiencing an astonishing rise of Rs. 800 in just one day from yesterday’s rate. This surge follows a significant
Laxmi Capital Market Limited has decided to extend the deadline for their mutual fund scheme “Laxmi Value Fund-II” until the 19th of Shrawan. Initially, the issue was open from the 5th to the 9th of Shrawan, 2080, but due to a lack of sufficient applications, they have extended the closing date. The scheme offers
According to the Customs Department’s international trade statistics, Nepal experienced a significant decline in the number of mobile phones entering the country. In the previous financial year (2078/79), the value of mobile imports exceeded Rs. 38 Arba, but in the last year (2079/80), it dropped to just Rs. 26 Arba. The data shows that
Sanima Bank Ltd and Swisscontact/Nepal Agriculture Market Development Program Phase II have joined hands to strengthen Sanima Bank’s ability to support Agri-SMEs in Koshi Province. The main objective of this partnership is to provide financial assistance to Agro processing enterprises in the region and raise awareness about the available opportunities. They plan to leverage
NIC Asia Bank Limited (NICA) is offering 4,00,000 units of its promoter shares through an auction open to the qualified general public and institutions. The auction is taking place from the 9th Shrawan to the 18th Shrawan, 2080. Interested bidders can participate with a minimum bid rate of Rs. 375 per share, and the minimum
ICRA Nepal Limited has reaffirmed the issuer rating of Mid Solu Hydropower Limited as BB+, which means they have a moderate risk of default in timely servicing of financial obligations. The rating is an overall opinion on the creditworthiness of the company and not tied to any specific debt instrument.
Nepal saw a significant improvement in its trade balance in fiscal year 2079/80 as trade deficits decreased by 15.45% compared to the previous year 2078/79. This improvement was mainly due to a sharp decline in imports, which dropped by 16.08% during the same period. The government’s strict measures played a crucial role in reducing
Narayani Development Bank Limited (NABBC) has released its fourth-quarter report for the financial year 2079-80, showing a net loss of Rs. 2.91 crores. This marks an improvement compared to the same quarter in the previous financial year (2078-79), where the company had a higher net loss of Rs. 5.42 crores. Notably, the impairment charges have
Setikhola Hydropower has selected Kumari Capital as the issue manager to issue 60 lakh unit ordinary shares to the public investors. The memorandum of understanding (MoU) was signed between the CEO of Kumari Capital, Mr. Puspa Sharma, and the chairman of Setikhola Hydropower, Mr. Anup Acharya, during a program, according to the media statement.
