Tag: ampamp

  • SEBON Extends the Deadline for Companies Interested in Stock Exchange Operations

    SEBON Extends the Deadline for Companies Interested in Stock Exchange Operations


    The Securities Board of Nepal (SEBON) has issued a notice to eligible institutions requiring them to apply for a Commodities Exchange Market Operation license and a Stock Exchange Operation license within 10 days.

    To provide investors with market access, enable commodity price innovation, and provide investors with alternative investment instruments to preserve price stability, a commodities exchange market that is investor-friendly, competitive, worldwide in scope, and competent is required.

    In order to run the commodities exchange market under the rules, guidelines, and other applicable regulations, those who seek to form a limited liability company in compliance with the prevailing legislation must first get board permission.

     

  • Development banks have decided to lower the interest rate on fixed deposits 

    Development banks have decided to lower the interest rate on fixed deposits 


    During its conference, the Development Bankers Association, an association of Development Bank CEOs, also resolved to drop the interest rate. The committee members have agreed to reduce the deposit interest rate by 1%.

    According to development banks, the interest rate on personal term deposits will now be 10.6 percent rather than 11.6 percent. Similarly, the interest rate on institutional term deposits has been reduced to 8.60 percent. It was also decided to reduce the savings interest rate by 0.60 percentage points. The lower interest rate will take effect on the first

     

  • The Insurance Authority has issued a list of new arrangements and instructions to microinsurance companies.

    The Insurance Authority has issued a list of new arrangements and instructions to microinsurance companies.


     

    The Insurance Authority has recently prioritized working with micro-insurance companies. The authority recently granted licenses to seven new microinsurance companies.

    Previously, the Nepal Insurance Authority issued a notice inviting applications from companies interested in operating a micro-insurance company in Nepal. Similarly, three micro life insurance companies and four micro non-life insurance companies were chosen to conduct micro insurance activities in Nepal.

  • Ngadi Group Power and Shree Investment Company are both listed on the NEPSE.

    Ngadi Group Power and Shree Investment Company are both listed on the NEPSE.


     

    NEPSE has listed 8,39,482.225 unit bonus shares of Ngadi Group Power Limited (NGPL).

    On the 25th of Falgun, the hydropower company held its 9th AGM and approved a 5% dividend for fiscal year 2078/79. On Falgun 1, the board of directors decided to distribute the dividend on the paid-up capital of Rs. 1.76 Arba. Tax-free bonus shares of 4.75% and a cash dividend of 0.25% were proposed. NEPSE now lists the same bonus shares.

     

  • Nerude and Mirmire Laghubitta Sign Merger Agreement

    Nerude and Mirmire Laghubitta Sign Merger Agreement


     

    According to the Nepal Stock Exchange, the final merger agreement between Nerude Laghubitta Bittiya Sanstha Limited (NLBBL) and Mirmire Laghubitta Bittiya Sanstha Limited (MMFDB) has been completed and approved (MEPSE).

    Poush 11, where the chairman of both organizations signed a memorandum of understanding for merger, the companies had signed a memorandum of understanding for merger.

  • The final merger agreement between IME General and Prudential Insurance is signed at a swap ratio of 1:1.

    The final merger agreement between IME General and Prudential Insurance is signed at a swap ratio of 1:1.


     

    IME General Insurance Limited (IGI) and Prudential Insurance Company Limited (PICL) sign a merger agreement, and the two companies will be combined using a 1: 1 swap ratio.

    IME General Insurance Limited (IGI) and Prudential Insurance Company Limited (PICL) reached an agreement for the merger during a meeting of the Board of Directors on Sunday, Chaitra 5, 2079.

     

  • Manushi Laghubitta (MLBS) and Shrijanshil Laghubitta (SHLB) Sign Merger Agreement at 1:1 Swap Ratio

    Manushi Laghubitta (MLBS) and Shrijanshil Laghubitta (SHLB) Sign Merger Agreement at 1:1 Swap Ratio


    Following the merger, the institution’s name was changed to Manushi Shrijanshil Laghubitta Bittiya Sanstha Limited. Similarly, for the merger, an equal share swap ratio, i.e. a 1:1 swap ratio, has been finalized.

    For the merger process, a joint merger committee will be formed with 3/3 representatives from both organizations. The goal is to complete the merger process this fiscal year.

     

  • Gurans Laghubitta and Prime Commercial Bank Bonus Shares Are Finally Listed on the NEPSE

    Gurans Laghubitta and Prime Commercial Bank Bonus Shares Are Finally Listed on the NEPSE


     

    Gurans Laghubitta Bittiya Sanstha Limited (GLBSL) has listed 39,000 Units Bonus Shares on NEPSE.

    The board of directors decided to distribute the dividend from the paid-up capital of Rs. 9.75 crores at its 117th meeting on Mangsir 27. The company proposed and distributed a 4% bonus share and a 0.210526% cash dividend. As a result, the bonus shares are worth Rs. 39 lakhs, and the cash dividend is slightly more than Rs. 2.05 lakhs. NEPSE has listed the same bonus dividend.

  • 4,357,185 Hydroelectricity Investment Unit Right Shares

    4,357,185 Hydroelectricity Investment Unit Right Shares


     

    Hydroelectricity Investment & Development Company Limited (HIDCL) has listed 43,57,185 units right shares on NEPSE.

    From the 22nd Magh to the 8th Falgun, 2079, HIDCL auctioned off 2,21,97,325 units of promoter share. Individuals, institutions, and businesses could all bid in the auction. However, only 141 bidders submitted bids for 43,57,185 unit shares. The cut-off rate was Rs. 100. NEPSE now lists the same right

  • Prabhu Smart Fund Offers 255% Dividend Yield in 10 Years

    Prabhu Smart Fund Offers 255% Dividend Yield in 10 Years


    The second plan of the Prabhu Capital Collective Investment Fund is now available for issue and sale as of 18 Falgun 2079. This fund issued 8 crore units worth Rs 80 crore at a fixed price of Rs 10 per unit.

    Prabhu Bank Ltd is the fund promoter of this plan, while Prabhu Capital Limited is the scheme manager. This is a closed-ended plan. This scheme will invest 35 to 90 percent of the proceeds from unit sales in shares, making it an equity-oriented scheme.

    Prabhu Bank Limited has obtained 1.12 crore units out of a total of 8 crore units available, while Prabhu Capital Limited has secured 8 lakh units.

  • Sikles Hydropower Reports Q2 Sales Revenue of Rs 19.33 Crores

    Sikles Hydropower Reports Q2 Sales Revenue of Rs 19.33 Crores


     

    Sikles Hydropower Limited (SIKLES) has posted a net profit of Rs. 6.27 Crores in the second quarter (Q2) of the current FY 2079/80.

    The company reported a total income from power sales amounting to Rs. 19.33 crores in this quarter, and income from other sources amounting to Rs 5.26 Lakhs for the second quarter (Q2) for the Fiscal Year 2079/2080.

     

  • National Life Insurance’s net profit increases by an astounding 57.70%.

    National Life Insurance’s net profit increases by an astounding 57.70%.


    National Life Insurance Company Limited (NLICL) has released its second-quarter report for fiscal year 2079/2080, showing a 57.70% increase in Net Profit compared to the previous year’s equivalent period. The net profit of the firm climbed to Rs. 22.73 crores in this quarter from Rs. 14.41 crores in the previous quarter.

    National Life has a paid-up capital of Rs. 4.64 Arba and a reserve of Rs. 26.65 crores, according to the unaudited report for the second quarter issued today.

    The corporation has a life insurance policy worth Rs. 56.15 Arba and a contingency fund worth Rs. 37.20 crores.

    The Net Premium increased by 10.84% to Rs. 7.53 Arba in FY 2079/2080 from Rs. 6.79 Arba in the previous year’s equivalent quarter. The firm earned Rs. 2.12 arba through investment, loans, and other sources. NLICL reports a write-back for potential losses of Rs. 70.53 Lakh for this period.