• “Nepal Finance Limited to Auction 11.16 Lakh Promoter Shares from Ashad 29”

    “Nepal Finance Limited to Auction 11.16 Lakh Promoter Shares from Ashad 29”


     

    Nepal Finance Limited (NFS) is conducting an auction to sell 11,16,616.187 units of promoter shares to the general public. The auction will take place from 29th Ashad to 12th Shrawan, 2080. The auction is open to existing promoters, the general public, and institutions. The minimum bid rate is Rs. 100, and bidders must bid for a minimum quantity of 1000 units. However, there is a limit on the number of shares that each entity can bid for, as per the rules of the Nepal Rastra Bank. Prabhu Capital has been appointed as the auction manager.

     

  • Kumari Bank’s 757,699 Promoter Shares Up for Auction Today

    Kumari Bank’s 757,699 Promoter Shares Up for Auction Today


     

    Kumari Bank Limited (KBL) is conducting an auction to sell 757,699 units of promoter shares to the general public. The auction will take place from the 22nd to the 29th of Ashad, 2080. Individuals, companies, and institutions are all allowed to participate in the auction, with a minimum bid rate of Rs. 110. Bidders must bid for at least 1,000 units of promoter shares and are not allowed to exceed the specified quantity of shares per entity set by the Nepal Rastra Bank.

     

  • Last Day for Eligibility: Api Power Company Limited’s Rights Offering Draws to a Close

    Last Day for Eligibility: Api Power Company Limited’s Rights Offering Draws to a Close


    Api Power Company Limited (API) has announced that today is the final day for shareholders to be eligible for its rights offering. The hydropower company plans to issue 40% right shares, amounting to Rs. 1.65 Arba, through the issuance of 1,65,33,137 units of right shares to its existing shareholders. This offering will increase the company’s paid-up capital from Rs. 4.13 Arba to Rs. 5.78 Arba.

    To participate in the rights offering, shareholders must have maintained their ownership in the company until today. The book closure date has been set for Ashad 22, 2080, which means that only shareholders who meet this requirement will be eligible to participate in the rights offering.

  • NEPSE Approves Membership for Seven New Brokerage Companies, Expanding Market Services

    NEPSE Approves Membership for Seven New Brokerage Companies, Expanding Market Services


    NEPSE Approves Membership for Seven New Brokerage Companies

    The Nepal Stock Exchange (NEPSE) has confirmed the membership of seven new brokerage companies. These companies have met the criteria and received approval from NEPSE’s Board of Directors.

    Expansion of Brokerage Services

    The seven newly approved companies include Bhole Ganesh Securities Limited, Capital Max Securities Limited, Himalayan Brokerage Company Limited, Sun Securities Private Limited, Miyo Securities Private Limited, Sharepro Securities Private Limited, and Property Wizard Limited.

    Phase Two Approval

    In the second phase, 11 additional companies obtained licenses from the Securities Board of Nepal (SEBON). Mega Stock Markets Limited can now operate as a full securities broker. Nabil Securities Limited, the sole applicant for a broker company with a dealer’s license, also received approval.

    Inspection and Testing

    NEPSE is currently inspecting the infrastructure of new brokers to ensure compliance with regulations. Brokers are preparing their IT manpower and establishing connections through an Application Programming Interface (API) for testing purposes.

    Membership and Business Activities

    After receiving NEPSE’s permission, brokers will need to obtain membership from the CDS and Clearing Limited. Once this process is complete, brokers can begin their business activities in the stock market.

    Preparations Underway

    Brokers are actively managing staff and preparing their infrastructure for smooth operations in the market. They are working to meet requirements and ensure a successful entry.

    NEPSE’s Internal Examination

    NEPSE’s Board of Directors will conduct an internal examination of the NEPSE-30 index before determining its operational date. This demonstrates NEPSE’s commitment to a well-functioning stock market.

  • “Upper Lohore Hydropower Company Limited Announces IPO Updates: Closure for Nepalese Citizens Working Abroad and Extension for Project-Affected Locals”

    “Upper Lohore Hydropower Company Limited Announces IPO Updates: Closure for Nepalese Citizens Working Abroad and Extension for Project-Affected Locals”


    Upper Lohore Hydropower Company Limited has provided updates regarding its initial public offering (IPO) of shares. The IPO is now closed to Nepalese citizens working abroad as of the 21st of Ashad, 2080. However, the deadline for project-affected locals in the Dailekh District has been extended until the 5th of Shrawan. The IPO process started on the 7th of Ashad, 2080.

    The company’s issued capital is Rs. 50.98 Crores, with 10% of the shares, worth Rs. 5.09 crores, allocated to project-affected locals in Dailekh District. Another 39% of the company’s issued capital, equivalent to 19,88,236 units, will be offered to the general public at a later date. Within the public issue, 10% of the shares, totaling 198,824 units, are reserved for Nepalese citizens working abroad, and the closing date for their participation is today.

    The minimum application quantity for both project-affected locals and Nepalese citizens working abroad is 10 units, while the maximum is 25,000 units.

    NIC Asia Capital Limited is the appointed issue manager, and after the IPO, the promoter-public share ratio will be 51:49.

    According to the Central Depository System and Clearing Limited (CDSC), 23,846 applications have been received from Nepalese citizens working abroad, with a total of 585,570 units applied for so far.

    The Upper Lohore Hydropower Company Limited has been assigned a ‘CARE-NP BB- (Is)’ rating by Credit Rating Nepal Limited (CRNL), indicating a moderate risk of default regarding financial obligations in Nepal.

    Established as a private limited company on November 10, 2017, the Upper Lohore Hydropower Company Limited has since become a public limited company. The company’s main focus is the development of the Upper Lohore Hydropower Project in the Dailekh district, with a capacity of 4MW as a run-of-the-river type project.

  • Announcement: Nepal Infrastructures Investment Fund Limited Calls 1st Special General Meeting to Discuss Key Agendas and Shareholder Participation

    Announcement: Nepal Infrastructures Investment Fund Limited Calls 1st Special General Meeting to Discuss Key Agendas and Shareholder Participation


    Nepal Infrastructures Investment Fund Limited has announced its plans to hold the 1st Special General Meeting (SGM) on the 7th of Shrawan, 2080. The meeting will take place in Jhamsikhel, Lalitpur, and is scheduled to commence at 10 am on the aforementioned day.

    The SGM will address several important agendas that require the attention and participation of the shareholders. Firstly, there will be a proposal to amend the Articles of Association, which are the fundamental rules governing the company’s operations. This suggests that certain changes or updates are being considered to ensure the smooth functioning and adaptability of the organization.

    Additionally, another significant item on the agenda is the issuance of 100% right shares from the company’s paid-up capital. This means that existing shareholders will have the opportunity to acquire additional shares in proportion to their existing holdings. The Board of Directors (BODs) will be entrusted with the responsibility of overseeing this process, granting them full authority in its execution.

    Furthermore, the meeting aims to discuss the recruitment of strategic founding investors following the issuance of the right shares. This indicates the company’s intention to bring in new investors who can contribute strategically to the growth and development of the organization. By attracting these investors, Nepal Infrastructures Investment Fund Limited aims to strengthen its financial position and gain valuable expertise and resources.

    It is important to note that the book closure date has been set for Ashad 28. This means that only shareholders registered before this date will be eligible to attend the SGM. Therefore, shareholders are urged to ensure their registration is completed before Ashad 28 to participate in this significant meeting.

    Overall, the 1st Special General Meeting of Nepal Infrastructures Investment Fund Limited holds great importance for the company and its shareholders. The proposed agendas, including the amendment of the Articles of Association, issuance of right shares, and recruitment of strategic founding investors, reflect the company’s efforts to enhance its operations and secure a strong financial foundation for future growth.

  • “Nepse Index Ends Week with Slight 0.06-Point Dip at 2049.38 Level”

    “Nepse Index Ends Week with Slight 0.06-Point Dip at 2049.38 Level”


    The Nepal Stock Exchange (NEPSE) Index ended the week with a minimal decline of 0.06 points, settling at a level of 2049.38. On Wednesday, NEPSE experienced a loss of 39.26 points, reaching a stagnant position of 2049.44. During today’s trading, the market opened at 2050.28 and reached a peak of 2064.57 points. However, it also dipped to a low of 2033.43 before ultimately closing at 2049.38.

    "Nepse Index Ends Week with Slight 0.06-Point Dip at 2049.38 Level" 8

     

  • NEPSE Hands Membership Certificates to Seven New Brokers; Assigns Broker Numbers 61-67

    NEPSE Hands Membership Certificates to Seven New Brokers; Assigns Broker Numbers 61-67


     

    Today, the Nepal Stock Exchange (NEPSE) delivered membership certificates to seven new brokers who recently met the necessary requirements and obtained final approval. The certificates were presented by Manager Lila Dhar Subedi at the NEPSE Office in Bhadrakali. Additionally, the new brokers were assigned operation numbers ranging from 61 to 67.

     

  • Shikhar Insurance Leads Non-Life Insurance Premium Collection with Rs. 36.19 Arba in Jestha

    Shikhar Insurance Leads Non-Life Insurance Premium Collection with Rs. 36.19 Arba in Jestha


     

    In the first eleven months of the fiscal year 2079/80, non-life insurance companies in Nepal collected an impressive amount of Rs. 36.19 Arba in premiums from 25.37 lakh active insurance policies. According to a report from the Nepal Insurance Authority, Siddhartha Premier Insurance holds the most active policies at 313,602, followed by Sagarmatha Lumbini Insurance with 305,633 policies. On the other hand, National Insurance Co. Ltd has the fewest active policies, with only 30,563 in total.

     

  • SEBON Approves Himalayan Capital’s “Himalaya 80-20” Mutual Fund Scheme with 10 Crore Units

    SEBON Approves Himalayan Capital’s “Himalaya 80-20” Mutual Fund Scheme with 10 Crore Units


     

    The Securities Board of Nepal (SEBON) has given its approval for the “Himalayan 80-20” mutual fund scheme, which is valued at Rs 1 Arba. This closed-end scheme will offer 10 crore unit shares with a par value of Rs 10 per share. The scheme is sponsored by Himalayan Bank Limited (HBL) and managed by Himalayan Capital Limited. It is noteworthy that this is the first mutual fund scheme to be operated by Himalayan Capital.

  • “80% Surge in Life Insurance Policies for Foreign Employment, NIA Statistics Show”

    “80% Surge in Life Insurance Policies for Foreign Employment, NIA Statistics Show”


     

    According to the Nepal Insurance Authority (NIA), the number of life insurance policies taken by individuals working abroad has increased by a significant 80.68 percent within a year. From Jestha 2079 to Jestha 2080, the number of life insurance policies subscribed for foreign employment rose from 876,541 to 1,583,746.

    Overall, there has been growth in both life and non-life insurance policies during this period. The total count of life insurance policies sold increased by 11.38 percent, reaching 14,069,937 by Jestha 2080, compared to 12,632,373 by the end of Jestha 2079.

     

  • NEPSE BOD Meeting Stalls Decision on Seven New Broker Memberships.

    NEPSE BOD Meeting Stalls Decision on Seven New Broker Memberships.


     

    The Board of Directors (BOD) meeting of the Nepal Stock Exchange (NEPSE) held this morning was unable to finalize the membership of seven new brokerage companies. The meeting, as confirmed by Company Secretary and Information Officer Murahari Parajuli, did not reach a decision on the discussed agendas.