• “Rastra Utthan Laghubitta Bittiya Sanstha Limited (RULB) Calls AGM for Acquisition Approval and Dividend Declaration”

    “Rastra Utthan Laghubitta Bittiya Sanstha Limited (RULB) Calls AGM for Acquisition Approval and Dividend Declaration”


    Rastra Utthan Laghubitta Bittiya Sanstha Limited (RULB) has scheduled its 4th Annual General Meeting (AGM) to take place on the 16th of Ashad, 2080. The meeting will be held at Hotel Arniko in Dhulikhel, commencing at 1 PM.

    Considering the ongoing acquisition of Rastra Utthan Laghubitta by Asha Laghubitta Bittiya Sanstha Limited (ALBSL), both AGMs will pass a resolution to evaluate the Due Diligence Audit. Additionally, they will endorse a share swap ratio of 1:1 for the acquisition and approve the final agreement. The newly formed entity resulting from the acquisition will be named ‘Rastra Asha Laghubitta Bittiya Sanstha Limited’. The AGM will also address the amendment of the Articles of Association, granting full authority to the board of directors to modify various acquisition-related proceedings based on instructions from regulatory bodies.

    Moreover, during the AGM, the approval of a 15% dividend worth Rs. 3.9 Crores for the fiscal year 2078/79 will be sought. In a previous meeting held on Baisakh 13, the board of directors had decided to distribute 14.25% bonus shares amounting to Rs. 3.7 crores and a 0.75% cash dividend worth Rs. 19.50 lakhs from the paid-up capital of Rs. 26 Crores.

    To be eligible for the dividend payout and attendance at the AGM, shareholders must maintain their shares before the book closure date, which falls on Ashad 05.

  • “Delisting of 8% Everest Bank Limited Debenture 2079 from NEPSE as it Reaches Maturity: Refunds and Interest Distribution for Unitholders”

    “Delisting of 8% Everest Bank Limited Debenture 2079 from NEPSE as it Reaches Maturity: Refunds and Interest Distribution for Unitholders”


    A total of 468,845 units of the “8% Everest Bank Limited Debenture 2079” have been removed from trading on the NEPSE (Nepal Stock Exchange). This delisting indicates that the debenture has reached its maturity date, which was Jestha 28, 2079. Investors who held these debentures will now receive their principal investment amount along with the interest earned.

    The “8% Everest Bank Limited Debenture 2079” offered a fixed annual return of 8% to its unitholders throughout its duration. Now that it has matured, Everest Bank Limited will initiate the process of refunding the initial investment amount and distributing the accrued interest to the debenture holders. To obtain more specific details about the refund process and interest distribution, unitholders are advised to contact or visit the nearest branches of Everest Bank Limited, located in Hatisar, Kathmandu, Nepal. These branch offices will provide comprehensive information and assistance to the concerned debenture holders.

  • NEPSE Index Surges by 2.09% with Record Turnover, All Sectors in Green

    NEPSE Index Surges by 2.09% with Record Turnover, All Sectors in Green


    The NEPSE index experienced significant gains today, closing at 1,980.09 points, which is an increase of 40.48 points from the previous trading day’s closing. This represents a gain of 2.09% in the overall index value. Last Thursday, the index had gained 7.27 points.

    The trading day started with the index opening at 1,941.52 points and reaching its lowest point at 1,941.24 points. However, it climbed as high as 1,983.98 points before settling at 1,980.09 points at the close of trading.

    During the day, a total of 275 scrips were traded through 61,450 transactions. The shares exchanged amounted to 9,528,255, with a turnover value of Rs. 3.45 Arba. This represents an increase compared to the previous trading day’s turnover of Rs. 2.305 Arba. Notably, this is the highest turnover observed in the last four months, since February 8, 2023, when the turnover amounted to Rs. 3.69 Arba.

    Among the traded shares, Citizen Investment Trust (CIT) had the highest turnover of Rs. 11.47 crores, closing at a market price of Rs. 2,458 per share. The shares of SNMAPO were the most actively traded.

    In terms of individual stock performance, Bhugol Energy Development Company Limited (BEDC) registered the highest gain of 10%, followed by City Hotel Limited (CITY) with a gain of 9.99%. On the other hand, Global IME Balanced Fund-1 (GIBF1) experienced the highest loss of 3.83% on the day.

    In a positive note, all sector indices closed in the green. The “Finance” sector witnessed the highest gain of 5.72%, while the “Mutual Fund” sector had the lowest gain of 0.42% on the day.

  • Nepal Rastra Bank Begins Preparations for Fiscal Year 2080-81 Monetary Policy to Boost Economy

    Nepal Rastra Bank Begins Preparations for Fiscal Year 2080-81 Monetary Policy to Boost Economy


    The Nepal Rastra Bank (NRB) has initiated the process of formulating the monetary policy for the upcoming fiscal year 2080-81. In line with the financial budget announcement for the same fiscal year, the central bank has commenced its work on preparing the monetary policy.

    To gather input and recommendations for the monetary policy formulation, the NRB has started accepting suggestions until Ashad 10 at the Department of Economic Research. This step reflects the bank’s intention to incorporate various perspectives and expertise into the policy-making process.

    The recently unveiled budget, presented on Jestha 15, sets a target of achieving a six percent economic growth rate. In order to support the government’s goal, the central bank plays a crucial role by crafting an appropriate monetary policy that provides the necessary support and measures.

    It has been revealed that the NRB plans to unveil the finalized monetary policy during the first week of Shrawan, 2080. The policy is anticipated to address the current economic challenges faced by the Nepali economy, which has been grappling with a recession. A flexible and adaptive monetary policy is expected to be designed to effectively tackle the prevailing economic issues and stimulate growth.

  • Exciting Opportunities Await: Ridi Power Company Calls Special General Meeting for Lucrative Rights Offering and Capital Amendment

    Exciting Opportunities Await: Ridi Power Company Calls Special General Meeting for Lucrative Rights Offering and Capital Amendment


    Ridi Power Company Limited (RIDI) has announced its plan to hold a Special General Meeting (SGM) on 8th Ashad, 2080. The meeting will take place at the Indreni Complex in Naya Baneshwor, Kathmandu, starting at 11 am.

    One of the key proposals on the agenda is a rights offering of a 1:0.50 ratio, which means that existing shareholders will have the opportunity to purchase additional shares at a ratio of one share for every two shares held. The total number of rights shares being offered is 77,44,506 units, valued at Rs. 77.44 Crores. However, this issuance is subject to approval by the Securities Board of Nepal (SEBON).

    The rights shares will be issued based on the company’s paid-up capital, which currently stands at Rs. 1,54,89,01,200. If approved, the authorized, issued, and paid-up capital of the company will increase accordingly. To facilitate these changes, the meeting will also seek to amend the relevant sections of the Articles of Association and grant full authority to the Board of Directors (BoDs) to carry out the necessary amendments as guided by the regulatory board.

    The book closure date for shareholders to be eligible to attend the SGM is Jestha 32. This means that shareholders who hold shares in the company on or before this date will have the right to participate in the meeting and have their voices heard.

    The SGM serves as an important platform for shareholders to discuss and decide on crucial matters related to the company’s future direction and growth.

  • National Life Insurance Company Approves Bonus Shares and Cash Dividend in 35th AGM

    National Life Insurance Company Approves Bonus Shares and Cash Dividend in 35th AGM


    National Life Insurance Company recently held its 35th Annual General Meeting (AGM) under the leadership of its chairman, Ms. Prema Singh, on Jestha 22, 2080.

    During the AGM, the shareholders approved the distribution of 8% bonus shares and a 6.5% cash dividend. Additionally, an additional cash dividend of Rs 1.95 crore was endorsed for taxation purposes. As a result of the capitalization of the bonus shares, the company’s paid-up capital will increase to Rs 5.01 arba.

    According to a media statement, the life insurance company recorded a premium collection of Rs 1440.76 crore during the review period. The life insurance fund also saw growth, reaching Rs 5880.42 crore, while the total investment portfolio expanded to Rs 4703.92 crore.

    These developments reflect the company’s strong financial performance and its commitment to providing value to its shareholders and policyholders.

  • SEBON grants licenses to 11 new stock brokers

    SEBON grants licenses to 11 new stock brokers


    The Securities Board of Nepal (Sebon) has granted licenses to 11 new companies to act as stock brokers in Nepal’s securities market.The board issued the licenses on Monday, June 5, 2023.

    The 11 companies that received licenses are:

    • Elite Stock House Limited, Lazimpat, Kathmandu
    • Infinity Securities Limited, Sundhara, Kathmandu
    • Index Securities Limited, Dillibazar, Kathmandu
    • Shuvakamana Securities Pvt. Ltd, Naxal, Kathmandu
    • Mega Stock Markets Limited, Tripureshwore, Kathmandu
    • Hatemalo Financial Services Pvt. Ltd, Naxal, Kathmandu
    • Money World Share Exchange Pvt. Ltd, Putalisadak, Kathmandu
    • Machhapuchchhre Securities Limited, Lazimpat, Kathmandu
    • K.B.L Securities Limited, Tangal, Kathmandu
    • Kalash Stock Market Pvt. Ltd, Bhddhanagar, Kathmandu
    • NABIL Securities Limited, Durbarmarg, Kathmandu

    With the issuance of these licenses, the total number of securities dealers in Nepal has increased to 69. Of these, 50 are full-time securities brokers and 19 are limited-time securities brokers.

    The Sebon has been issuing licenses to new securities dealers in order to expand the reach of the stock market and to increase the number of investors. The board has also been taking steps to improve the regulatory framework for the securities market.

    The issuance of licenses to 11 new companies is a positive development for the Nepali stock market. It will help to increase the number of investors and to deepen the market. It will also help to improve the liquidity of the market.

    Sebon is expected to continue to issue licenses to new securities dealers in the coming months. This will help to further expand the reach of the stock market and to increase the number of investors.

    SEBON grants licenses to 11 new stock brokers 8

  • Avasar Equity Diversified Fund Invests in Two Hydropower Projects in Nepal’s Dolakha District

    Avasar Equity Diversified Fund Invests in Two Hydropower Projects in Nepal’s Dolakha District


    Avasar Equity Diversified Fund, Nepal’s first domestic Private Equity Fund registered with the Securities Board of Nepal (SEBON), has recently entered into an investment agreement with Him Parbat Hydropower Limited. Under this agreement, the Fund will invest NPR 39.06 crore in the development of two Run-of-river hydropower projects in Dolakha District of Bagmati Province.

    The investment will be directed towards the Sagu Khola – 1 Hydropower Project, with a capacity of 5.5 MW, and the Sagu Khola Hydropower Project, with a capacity of 20 MW. Both projects have already concluded Power Purchase Agreements (PPAs) on a take-or-pay basis. It is anticipated that the combined energy generation from these projects will amount to approximately 149 GWh per year.

    To connect the power generated by the projects to the national grid, a connection will be established through the Singati Substation. The projects have a target Commercial Operation Date set for Chaitra 29, 2081 (April 12, 2025).

    By providing financial support for these projects, the investment from Avasar Equity Diversified Fund aims to ensure their timely completion and contribute to Nepal’s commitment to clean and sustainable energy sources.

  • Jalpa Samudayik Laghubitta Bittiya Sanstha Limited (JALPA) Calls 4th AGM with Proposed 15% Dividend Distribution

    Jalpa Samudayik Laghubitta Bittiya Sanstha Limited (JALPA) Calls 4th AGM with Proposed 15% Dividend Distribution


    Jalpa Samudayik Laghubitta Bittiya Sanstha Limited (JALPA) has announced that today is the final day for shareholders to avail the proposed dividend. The company has scheduled its 4th Annual General Meeting (AGM) to take place on 4th Ashad, 2080. The AGM will be held at The SR Hotel in Tilottama Municipality -01, Drivertole, Rupandehi, starting from 9 AM on that day.

    One of the key agendas of the AGM is to approve a dividend of 15% for the fiscal year 2078/79. The decision to distribute the dividend is based on the paid-up capital of Rs. 16 Crores. It has been proposed to distribute a cash dividend of 0.75%, amounting to Rs. 12 lakhs, and a bonus share dividend of 14.25%, worth Rs. 2.28 crores.

    The book closure date for entitlement to the dividend is on Jestha 23. Therefore, shareholders who have maintained their shares until today are eligible for the dividend payout and are welcome to attend the upcoming AGM.

    The dividend announcement by JALPA provides an opportunity for shareholders to benefit from their investment in the company. Attending the AGM allows shareholders to stay updated on the company’s performance, participate in decision-making, and engage with fellow shareholders.

  • Rawa Energy Development Limited Concludes IPO of 643,667 Unit Shares

    Rawa Energy Development Limited Concludes IPO of 643,667 Unit Shares


    Rawa Energy Development Limited has announced the closure of its Initial Public Offering (IPO) for the issuance of 643,667 unit shares with a face value of Rs. 100 per share. The IPO was opened on 18th Jestha, 2080 and will conclude on 22nd Jestha, 2080.

    Previously, the company had allocated 2,80,000 unit shares worth Rs. 2.8 crores to the project-affected locals of Khotang District. However, only 87,370 units were allotted to valid applicants, leaving 192,330 units unsubscribed. These unsubscribed shares, along with 560,000 units (20% of the issued capital reserved for the general public), make up a total of 752,330 units available for the general public.

    Out of the total 752,330 units, 56,000 units have been issued and allotted to Nepalese citizens working abroad, 37,616 units have been set aside for mutual funds, and 15,047 units have been reserved for employees of the company. The remaining 643,667 units are available for the general public.

    The company aims to raise Rs. 6.43 crore through this IPO. Prabhu Capital Limited has been appointed as the issue manager for the IPO issuance, and interested applicants can apply for a minimum of 10 units and a maximum of 10,000 units.

    As of yesterday evening, the issue has already received a significant oversubscription. According to CDSC, a total of 869,645 applicants have applied for 95,86,400 units, indicating an oversubscription of 14.89 times.

    CARE Ratings Nepal Limited (CRNL) has assigned an issuer rating of ‘CARE-NP BB (Is)’ to Rawa Energy Development Limited. This rating signifies a moderate risk of default in the timely servicing of financial obligations in Nepal.

    Rawa Energy Development Ltd, incorporated on August 16, 2009, as a private limited company and later converted to a public limited company on June 28, 2019, is promoted by individuals with extensive experience in the hydropower and other sectors. The company operates the 3 MW Upper Rawa Khola Small Hydropower Project (URKHP) in Khotang District, which has been in commercial operation since September 20, 2020. The project follows the BOOT (Build, Own, Operate, and Transfer) mechanism.

  • NEPSE Index Declines by 17.38 Points

    NEPSE Index Declines by 17.38 Points


    The NEPSE (Nepal Stock Exchange) index concluded today’s trading session at 1,901.99 points, reflecting a loss of 17.38 points from the previous closing. This represents a decrease of 0.91% in the index. However, it is worth noting that the index had experienced a gain of 53.03 points in the preceding trading session.

    At the beginning of today’s trading, the index opened at 1,922.13 points. Throughout the day, it reached an intraday high of 1,935.80 points. However, it also experienced a dip, with the lowest point recorded at 1,899.54 points before ultimately closing at 1,901.99 points. These fluctuations in the index’s value indicate the dynamic nature of the stock market and the varying levels of buying and selling activity by investors.

    During the trading session, a total of 277 scrips were traded through 36,568 transactions. The total volume of shares exchanged amounted to 5,620,381, corresponding to a turnover of Rs. 1.97 Arba. It is noteworthy that this turnover amount is higher than the turnover recorded in the previous trading day, which stood at Rs. 1.65 Arba. These figures highlight the level of market activity and the value of shares being bought and sold by investors.

    Investors closely monitor the NEPSE index and trading activity as it provides insights into the performance and sentiment of the stock market. Fluctuations in the index and turnover amount can impact investment decisions and overall market sentiment.

  • RMDC Laghubitta Bittiya Sanstha Limited Lists 32.26 Lakh Unit Bonus Shares on NEPSE

    RMDC Laghubitta Bittiya Sanstha Limited Lists 32.26 Lakh Unit Bonus Shares on NEPSE


    Recently, RMDC Laghubitta Bittiya Sanstha Limited (RMDC) announced the listing of 32,26,772.45 unit bonus shares on the Nepal Stock Exchange (NEPSE). This development came after the company’s 24th Annual General Meeting (AGM), which took place on the 10th of Chaitra. During the AGM, the shareholders approved a dividend of 27.3684% for the fiscal year 2078/79.

    In a board meeting held on the 19th of Mangsir, the company’s directors decided to distribute the dividend based on the paid-up capital of Rs. 1.24 Arba. The proposed dividend consisted of 26% bonus shares valued at Rs. 32.26 crores and a 1.3684% cash dividend, inclusive of tax, worth Rs. 1.69 crore.

    Following the decision, the bonus shares were officially listed on the NEPSE. Last week, RMDC closed at a price of Rs. 714 per share. This listing provides an opportunity for investors to trade the bonus shares and potentially benefit from the value they hold.

    To summarize, RMDC Laghubitta Bittiya Sanstha Limited has successfully listed 32,26,772.45 unit bonus shares on the NEPSE, following the company’s AGM and subsequent decision by the board of directors to distribute dividends. The market price of RMDC shares closed at Rs. 714 last week, creating potential trading opportunities for investors.