Category: Dividend

  • “NIMB Ace Capital’s Mutual Funds NAV Report for Ashad; Dividends Expected for Two Schemes”

    “NIMB Ace Capital’s Mutual Funds NAV Report for Ashad; Dividends Expected for Two Schemes”


    NIBL Pragati Fund (NIBLPF), a 7-year closed-end mutual fund scheme, has reported an increase in its Net Asset Value (NAV) for the month of Ashad.

    The financial report reveals that the NAV of the mutual fund scheme has risen to Rs. 10.68 at the end of Ashad, 2080, compared to Rs. 10.28 in the previous month. The scheme began with a total fund of Rs. 75 crore and made investments of Rs. 49.40 crore in listed shares and Rs. 14.46 crore in public issues, right shares, and bonus shares. It also holds Rs. 15.35 crores in its bank balance.

     

  • “NMB Capital’s Mutual Funds See NAV and Net Profit Rise in Ashad; Dividends Expected for Three Schemes”

    “NMB Capital’s Mutual Funds See NAV and Net Profit Rise in Ashad; Dividends Expected for Three Schemes”


     

    The NMB Saral Bachat Fund – E (NMBSBF) recently released its NAV report. This mutual fund operates as an open-ended fund with no maturity period, allowing the fund manager to increase its size as needed. As of Ashad, the fund size has grown to Rs. 1.24 Arba from Rs. 1.17 Arba in the previous month. The Net Asset Value (NAV) in Ashad is Rs. 9.52, showing an increase from Rs. 9.25 in the previous month. The fund’s investments include Rs. 80.74 crore in listed shares, Rs. 63.58 lakhs in public issues, and Rs. 16.05 crore in fixed deposits. Moreover, the fund has Rs. 14.22 crores in the bank and holds bond/debentures worth Rs. 6.76 crores.

  • “Balephi Hydropower to Issue 100% Right Shares After Amending Initial Proposal, Pending Regulatory Approval”

    “Balephi Hydropower to Issue 100% Right Shares After Amending Initial Proposal, Pending Regulatory Approval”


    Balephi Hydropower Limited (BHL) has recently made changes to its right share ratio, increasing it from 50% to 100%. In a board of directors meeting held on Shrawan 02, 2080, it was decided that the company will issue 100% right shares based on the paid-up capital of Rs. 1.82 Arba. As a result of this issuance, the company’s paid-up capital will rise to Rs. 3.64 Arba.

    Previously, during a board meeting on Falgun 12, BHL had planned to propose the issuance of rights shares in the ratio of 1:0.50. However, it was later reconsidered due to the realization that the amount generated from 50% right shares would not be sufficient to repay the loans obtained from banks. Consequently, the new proposal suggests the issuance of right shares in the ratio of 1:1.

    It is important to note that the right shares will only be issued after receiving approval from the Securities Board of Nepal (SEBON) and obtaining endorsement during the company’s upcoming Annual General Meeting (AGM). These regulatory steps are essential to ensure compliance with the necessary legal procedures and protect the interests of shareholders and investors.

  • “Arun Kabeli Power Limited Lists 18,55,211 Unit Bonus Shares on NEPSE after Approving 10.5263% Dividend for Fiscal Year 2078/79”

    “Arun Kabeli Power Limited Lists 18,55,211 Unit Bonus Shares on NEPSE after Approving 10.5263% Dividend for Fiscal Year 2078/79”


    A total of 18,55,211 unit bonus shares of Arun Kabeli Power Limited (AKPL) have recently been listed on the Nepal Stock Exchange (NEPSE). The listing comes after the company’s 12th Annual General Meeting (AGM) held on the 30th of Kartik, where a dividend of 10.5263% for the fiscal year 2078/79 was approved. The board of directors, during a meeting on Kartik 06, decided to distribute this dividend based on the paid-up capital, which stands at Rs. 1.85 Arba.

    The proposed dividend consists of 10% bonus shares valued at Rs. 18.55 Crores and a cash dividend of 0.5263% amounting to Rs. 1.05 Crores. These bonus shares are now officially listed on the NEPSE, making them available for trading.

    As of the current writing, the Last Traded Price (LTP) of AKPL stands at Rs. 227.50. Investors and shareholders will be able to trade the newly listed bonus shares on the exchange, reflecting the company’s distribution of profits among its shareholders for the specified fiscal year.

  • “Himalaya Urja Bikas Company’s Right Shares Added to SEBON Pipeline for Preliminary Review”

    “Himalaya Urja Bikas Company’s Right Shares Added to SEBON Pipeline for Preliminary Review”


    The Securities Exchange Board of Nepal (SEBON) has included the right shares of Himalaya Urja Bikas Company (HURJA) in its pipeline, subject to preliminary review. HURJA, a hydropower company, plans to issue 100% right shares valued at Rs. 99 Crores. This will involve the issuance of 9,900,000 (1:1) units of right shares to its existing shareholders. Currently, the company has a paid-up capital of Rs. 99 Crores. Upon the successful adjustment of the proposed right shares, the company’s paid-up capital will rise to Rs. 1.98 Arba.

    To oversee the right share issuance, Nabil Investment Banking Limited has been appointed as the issue manager. The application for the right shares was submitted to the board on Ashad 31, 2080.

    In summary, Himalaya Urja Bikas Company’s right shares have been included in the SEBON pipeline for preliminary review. The company intends to issue 9,900,000 units of right shares worth Rs. 99 Crores to its existing shareholders, which will result in an increased paid-up capital of Rs. 1.98 Arba. Nabil Investment Banking Limited has been entrusted with the responsibility of managing the right share issuance process.

  • Barun Hydropower Company Limited (BARUN) Calls Special General Meeting to Discuss 1:1 Rights Offering and Amendments

    Barun Hydropower Company Limited (BARUN) Calls Special General Meeting to Discuss 1:1 Rights Offering and Amendments


    Barun Hydropower Company Limited (BARUN) has announced its plans to hold a Special General Meeting (SGM) on the 14th of Shrawan, 2080. The meeting is scheduled to take place at Lord Party Venue in Dhumbarahi and will commence at 1 pm.

    During the SGM, BARUN will propose a 1:1 ratio rights offering, equivalent to 100% of the company’s paid-up capital, which currently stands at Rs. 53.58 Crores. It is important to note that the issuance of these right shares is subject to approval from the regulatory bodies. If approved, the issuance will result in an increase in the company’s paid-up capital to Rs. 1.07 Arba.

    Considering the potential increase in the company’s capital after the issuance of the right shares, the SGM will also address the need for amending relevant sections of the Articles of Association. The purpose of these amendments is to align the Articles of Association with the updated capital structure. Furthermore, the shareholders will be asked to grant full authority to the Board of Directors (BoDs) to carry out the necessary work related to the amendments, as guided by the regulatory board.

    It should be noted that the book closure date for the SGM is set for Shrawan 05. Shareholders who maintain their ownership before this date will be eligible to attend the meeting and participate in the decision-making process.

  • Ngadi Group Power Limited (NGPL) Calls Special General Meeting (SGM) to Discuss Right Shares and Other Agendas

    Ngadi Group Power Limited (NGPL) Calls Special General Meeting (SGM) to Discuss Right Shares and Other Agendas


    Ngadi Group Power Limited (NGPL) has scheduled a Special General Meeting (SGM) to take place on the 14th of Shrawan, 2080. The meeting will be held at Lord Party Venue in Dhumbarahi and is set to commence at 10 am on that day.

    The SGM will address several important agendas, including the endorsement of 100% right shares based on the company’s current paid-up capital of Rs. 1.85 Arba. Another item on the agenda is the proposed change in the company’s location, which will require amending the Articles of Association subsequent to the issuance of the right shares. The shareholders will be asked to grant full authority to the Board of Directors (BoDs) to execute the necessary actions related to these amendments in accordance with the guidance provided by the regulatory board. Additionally, the meeting will discuss the repayment of debt incurred by the company.

    It is important to note that the book closure date is set for Shrawan 04. Shareholders who maintain their ownership before this date will be eligible to attend the SGM.

  • Arun Valley Hydropower Development Company (AHPC) Receives Final Approval for 1:1 Right Share Issuance

    Arun Valley Hydropower Development Company (AHPC) Receives Final Approval for 1:1 Right Share Issuance


    Arun Valley Hydropower Development Company Limited (AHPC) has received the final approval from the Electricity Regulatory Commission to issue right shares to its shareholders at a ratio of 1:1. This decision was made during the Special General Meeting (SGM) held on Ashad 07, where 100% rights shares were endorsed for distribution among the shareholders. The proposal for issuing these right shares was initially put forward during the Board of Directors meeting held on Baisakh 06.

    The approved plan entails issuing a total of 18,679,626 right shares with a par value of Rs. 100 each, amounting to a total value of Rs. 1.86 Arba. Out of this amount, AHPC intends to invest 50% of the issued right shares, equivalent to 9,339,813 unit right shares valued at Rs. 93.39 crore, in the Likhu Khola Hydropower Project (30 MW) developed by PK Hydropower Pvt. Ltd. The remaining 9,339,813 unit shares, also valued at Rs. 93.39 crore, will be utilized to repay the loan obtained by AHPC for the Kabeli ‘B’-1 Cascade Hydropower Project in Panchthar.

    It should be noted that the issuance of these right shares is subject to the approval of the Securities Board of Nepal (SEBON). AHPC will proceed with issuing the right shares to its shareholders once the necessary approval is obtained. As of the time of writing, AHPC’s Last Traded Price (LTP) stands at Rs. 263.90.

  • SEBON Approves 35% Right Shares of Multipurpose Finance Company; Issue of 15.82 Lakh Shares Imminent

    SEBON Approves 35% Right Shares of Multipurpose Finance Company; Issue of 15.82 Lakh Shares Imminent


     

    The Securities Board of Nepal (SEBON) has given its approval to Multipurpose Finance Company Limited (MPFL) for a rights offering. MPFL plans to issue 35% right shares valued at Rs. 15.82 Crores, which will involve distributing 1,582,000 (1:0.35) units of right shares to its existing shareholders. Currently, MPFL has a paid-up capital of Rs. 45.20 Crores, and after the issuance of the right shares, its paid-up capital will increase to Rs. 61.02 Crores. Muktinath Capital has been appointed as the issue manager for this process. The application for the rights offering was submitted to the board on Falgun 29, 2079.

     

  • “Ankhukhola Hydropower Approves 150% Right Shares at 15th AGM”

    “Ankhukhola Hydropower Approves 150% Right Shares at 15th AGM”


     

    During its 15th Annual General Meeting, Ankhukhola Hydropower approved a 150% increase in right shares for its current shareholders. The funds raised through these shares will be invested in the development of the 20 MW Ankhukhola Hydropower 2 project, which is currently being promoted by Ganesh Himal Hydropower Company. The company plans to allocate 60% of the funds to the Ankhukhola 2 project and utilize the remaining amount to repay its outstanding loans, according to a media statement.

  • Synergy Power Development Company (SPDL) Announces Book Closure Date for 50% Rights Offering

    Synergy Power Development Company (SPDL) Announces Book Closure Date for 50% Rights Offering


    Synergy Power Development Company (SPDL) has announced the book closure date for its 50% right shares, which is set for Shrawan 12, 2080. This means that shareholders who held shares before that date will be eligible for the rights offering.

    The hydropower company plans to issue 50% right shares valued at Rs. 40.32 Crores. This will involve the issuance of 4,032,875 (in a ratio of 1:0.50) units of right shares to its existing shareholders. Currently, the company has a paid-up capital of Rs. 80,65,75,000. Upon the completion of the proposed right share adjustment, the paid-up capital will increase to Rs. 120.98 crores.

  • “Singati Hydro Energy Taps Kumari Capital as Issue Manager for 100% Right Share Offering; 1.45 Crore Unit Shares to be Floated”

    “Singati Hydro Energy Taps Kumari Capital as Issue Manager for 100% Right Share Offering; 1.45 Crore Unit Shares to be Floated”


     

    Singati Hydro Energy has chosen Kumari Capital as the issue manager to handle the issuance of right shares to its existing shareholders. According to the company’s announcement, they plan to float their shares in a 1:1 ratio, totaling 1.45 crore unit shares. The memorandum of understanding (MoU) was signed between Singati Hydro Energy’s Managing Director, Mr. Sudeep Khadka, and Kumari Capital’s Acting CEO, Mr. Puspa Sharma. The funds raised through the right issue will be utilized for the development of the 21.5 MW Sabhakhola B and 6.3 MW Sabhakhola C projects, as well as the 7.5 MW Hewa A San hydropower project, as stated in the media statement.