Jyoti Bikas Bank Limited (JBBL) has recently provided 3% bonus shares directly to the DEMAT accounts of its shareholders and has urged them to convert their physical shares into electronic form through dematerialization. The bank’s move aims to facilitate seamless share transactions and promote the modernization of shareholding processes. During the bank’s 15th Annual General […]
NIC Asia Bank Limited (NICA) had the highest trading volume of Rs. 3.04 crores and closed at a market price of Rs. 694.60 per share. The shares of PRVU had the highest trading activity. NIBL Growth Fund (NIBLGF) experienced the highest gain of 9.88% during the day. On the other hand, Sagarmatha Lumbini Insurance Co.
The NEPSE Index, the stock market index of Nepal, concluded the week at a level of 1,838.59, representing a loss of 31.14 points or 1.67%. This decrease follows a similar 1.67% decline from the previous week when the index closed at 1,869.73. Throughout the week, the index displayed volatility, with a high of 1,872.22 and
The IPO allotment of Modi Energy Limited has been successfully completed at the premises of Sunrise Capital Limited in Kathmandu. The company had issued 55,59,420 units worth Rs. 55.59 crores as Initial Public Offering (IPO) to the general public from Baisakh 19 to 24, 2080. Prior to the IPO, the company had allocated 29,00,000 unit
Sagarmatha Lumbini Insurance Company Limited (SALICO) has listed 26,226,382 shares on the Nepal Stock Exchange (NEPSE) following a successful merger between Lumbini General Insurance Limited (LGIL) and Sagarmatha Insurance Company Limited (SIC). The merger agreement between SIC and LGIL was signed on 30 Ashad, 2079. The swap ratio for the merger was set at 100:80,
Citizen Investment Trust (CIT) has put forward a proposal to distribute a 26.3158% dividend for the fiscal year 2078/79. The decision was made during a board of directors meeting held on Baisakh 29. The proposed dividend consists of a 25% bonus shares allocation and a 1.3158% cash dividend (for tax purposes). The current paid-up capital
RBB Merchant Banking Limited has concluded the public offering of its mutual fund scheme, “RBB Mutual Fund 2,” on the specified date of 31st Baisakh. The offering, which initially opened on the 17th Baisakh and was intended to close on the 21st Baisakh, had been extended due to an insufficient number of applications. Out of
Collaboratively organized by NIBL Ace Capital Ltd., Express Services Private Limited, and Pioneer Law Associates, a workshop titled “Road to IPO” was held to educate corporate houses about the IPO process from legal and financial perspectives. Dynamic Techno Soft Pvt. Ltd., as a sponsor, prominently displayed its banner during the event. The workshop took place
Nepal Rastra Bank (NRB) Cancels Dividend Proposal of Rastra Utthan Laghubitta Bittiya Sanstha Limited (RULB) The dividend proposal put forth by Rastra Utthan Laghubitta Bittiya Sanstha Limited (RULB) has been canceled by the Nepal Rastra Bank. During the 86th meeting of the board of directors held on Baisakh 13, the company had proposed a 15%
Asha Laghubitta Bittiya Sanstha Limited (ALBSL) Lists 4,77,020 Bonus Shares on NEPSE at an LTP of Rs. 670 Following the convening of its 6th Annual General Meeting on 11th Chaitra, Asha Laghubitta Bittiya Sanstha Limited (ALBSL) has listed 4,77,020 unit bonus shares on the Nepal Stock Exchange (NEPSE). The AGM had approved a 15% dividend
Himal Dolakha Hydropower Company Limited (HDHPC) is currently offering 12,000,000 unit right shares at a par value of Rs. 100. The rights issue has been approved by the Securities Exchange Board of Nepal (SEBON) and is being managed by Laxmi Capital Markets Limited. The current paid-up capital of the company is Rs. 1.60 Arba, and
Prabhu Life Insurance Limited (PLI) has proposed a dividend of 10.526% for the fiscal year 2077/78. This is the first dividend the company has proposed since being listed on the Nepal Stock Exchange (NEPSE). The company’s board of directors, at its 140th meeting held on Baisakh 25, has decided to distribute a dividend consisting of
