Articles & Updates

Department of Tourism Generates Revenue of NRs. 76.57 Crore through Expedition Permits for Nepal's Majestic Peaks 5
Business | Market | Economy

Department of Tourism Generates Revenue of NRs. 76.57 Crore through Expedition Permits for Nepal’s Majestic Peaks

The Department of Tourism (DoT) in Nepal has achieved a significant milestone by generating royalty of NRs. 66.64 crores through the issuance of expedition permits for Mt. Everest, the highest mountain in the world. As of May 14, 2023, during the ongoing Spring expedition season, a total of 478 expedition permits have been issued for

Nepal's Budget 2023-24 (2080/81) : Key Highlights and Allocations 17
Business | Market | Economy

Nepal’s Budget 2023-24 (2080/81) : Key Highlights and Allocations

Finance Minister Prakash Sharan Mahat has unveiled the budget estimates for Nepal’s fiscal year 2023-24, outlining significant allocations and priorities across sectors. This article provides a comprehensive overview of the budget, highlighting key sectors such as agriculture, education, infrastructure, and social welfare. Read on to discover the key highlights of Nepal’s budget for the upcoming

Kumari Bank Limited Promoters to Auction 14,83,378 Units of Shares to General Public 19
Business | Market | Economy, IPO | FPO

Kumari Bank Limited Promoters to Auction 14,83,378 Units of Shares to General Public

Kumari Bank Limited (KBL) has announced that its existing promoters will be selling 14,83,378 units of their shares through an auction open to the general public. The auction period will be from 12th Jestha to 19th Jestha, 2080. This presents an opportunity for individual investors, companies, and institutions to participate in the auction and potentially

Ajod Insurance Limited Converts Promoter Shares to Public Shares, Achieving 51:49 Ownership Ratio 21
Business | Market | Economy

Ajod Insurance Limited Converts Promoter Shares to Public Shares, Achieving 51:49 Ownership Ratio

Ajod Insurance Limited (AIL) has recently converted 19,00,000 units of promoter shares into public shares, resulting in a change in the company’s shareholding structure. Previously, the company had 70% of its shares held by promoters and 30% held by the public. However, with this conversion, the promoter-to-public shares ratio has shifted to 51:49. AIL, which

Chhyangdi Hydropower Appoints BoK Capital Market as Issue Manager for Right Share Issuance 23
Business | Market | Economy

Chhyangdi Hydropower Appoints BoK Capital Market as Issue Manager for Right Share Issuance

Chhyangdi Hydropower has chosen BoK Capital Market as the issue manager for its upcoming issuance of right shares. The company plans to offer existing shareholders the opportunity to purchase additional shares in a 1:1 ratio, totaling approximately Rs 38.69 crore. This move aims to strengthen shareholder ownership and support the company’s growth in the hydropower

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