Tag: an

  • Vijaya Laghubitta Calls an AGM on Chaitra 28 to Approve the 21.052% Dividend and Merger Agendas

    Vijaya Laghubitta Calls an AGM on Chaitra 28 to Approve the 21.052% Dividend and Merger Agendas


    Vijaya Laghubitta Bittiya Sanstha Limited (VLBS) has scheduled its 10th Annual General Meeting for the 28th Chaitra, 2079. The meeting will begin at 11:30 a.m. in Bijaya Bikas Srot Kendra, Gaidakot, Nawalparasi.

    Among the other items on the agenda, the AGM will approve a 21.0526% dividend of Rs. 6.73 crores for fiscal year 2078/79. On March 10, the board of directors decided to distribute the dividend on the paid-up capital of Rs. 32 crores. The proposal is for 20% bonus shares worth Rs. 6.40 crores and 1.0526% cash dividend (for tax purposes) worth slightly more than Rs. 33.68 lakhs. The meeting will consider converting a maximum of 10% of the promoter shares to public shares so that the company’s promoter shares do not expire.

     

  • NEPSE Settles at 1,949.06, Up 1.18%; All Sectors Close Green, Led by “Trading”

    NEPSE Settles at 1,949.06, Up 1.18%; All Sectors Close Green, Led by “Trading”


    The NEPSE index closed at 1,949.06 today, up 22.65 points from the previous trading day’s close. This represents a 1.18% increase. Yesterday, the index fell 6.90 points.

    Today, the index opened at 1,926.28 and closed at 1,925.41. In contrast, it reached a high of 1,949.17 before settling at 1,949.06.

     

  • Bindhyabasini Hydropower Development Company’s 5% bonus shares are now listed on the NEPSE.

    Bindhyabasini Hydropower Development Company’s 5% bonus shares are now listed on the NEPSE.


    Bindhyabasini Hydropower Development Company Ltd (BHDC) has launched 5,00,000 units of bonus shares on NEPSE.

    On 22nd Poush, the business had its 6th AGM and approved a 5.02632% dividend for fiscal year 2078/79. The board of directors resolved to issue the dividend on the paid-up capital of Rs. 1 Arba at its meeting on Mangsir 29. A 5% bonus share and a cash dividend of 0.02632% (for bonus share tax purposes) were proposed. NEPSE now lists the same bonus shares.

  • Gains Rs 2,900 per tola in one day, trading at Rs 110,000

    Gains Rs 2,900 per tola in one day, trading at Rs 110,000


    Gold prices are once again making news, since the value of gold reached an all-time high on March 19, 2023, i.e. today. Today’s gain is the consequence of a Rs. 2900 one-day increase from yesterday’s pricing.

    According to the Federation of Nepal Gold and Silver Dealers’ Association’s official website, fine gold is now trading at Rs. 110,000 per tola. Yesterday, the tariff remained unchanged at Rs. 107,100 per tola. Meanwhile, Tejabi gold is currently trading at Rs. 109500. In contrast, the cost was kept at Rs. 106,600 per tola yesterday.

    In the last 10 days, the price of gold has climbed by Rs. 9500 per tola. Gold was priced at Rs 1,00,500 per tola on March 9, 2023.

  • Commercial banks profited Rs. 36 Arba until the end of the fiscal year in Magh.

    Commercial banks profited Rs. 36 Arba until the end of the fiscal year in Magh.


    Statistics reveals that commercial banks combined have achieved a total net profit of Rs. 36 Arba and 89 crores. Nabil Bank is the most profitable of the 22 commercial banks, with a net profit of Rs. 4 Arba and 13 crores. Similarly, NIC Asia Bank had a net profit of Rs. 3 Arba and 67 crores. Global IME Bank, on the other hand, has made a net profit of Rs. 3 Arba and 55 Crores. Agricultural Development Bank, on the other hand, has the lowest net profit of Rs. 10 crores.

    – With the successful merger of Global IME Bank and Bank of Kathmandu, the joint transaction in the name of Global IME Bank began on Poush 25, 2079.

  • The NEPSE is down 6.90 points, with an intraday turnover of Rs 1.069 crore.

    The NEPSE is down 6.90 points, with an intraday turnover of Rs 1.069 crore.


    The NEPSE index finished at 1,926.40 today, down 6.90 points from the previous trading day’s close. This is a 0.36% decrease. Last Thursday, the index fell 5.32 points.

    The index began at 1,933.23 and reached an intraday high of 1,939.43 today. In contrast, it dropped as low as 1,922.22 before closing at 1,926.40.

    Through 30,775 transactions, 259 scrips changed hands. A total of 3,163,389 shares were traded, totaling Rs. 1.069 Arba in turnover. This is less than the previous day’s turnover of Rs. 1.14 Arba.

  • Kantipur Television Network will hold its annual general meeting on Chaitra 17 and will issue public shares at a premium price.

    Kantipur Television Network will hold its annual general meeting on Chaitra 17 and will issue public shares at a premium price.


    Kantipur Television (KTV) is a private television station based in Kathmandu, Nepal. Kailash Sirohiya is the chairman and managing director. KTV, which debuted in July 2002, is licensed for both terrestrial and satellite transmission. Tinkune is the headquarters of Kantipur Television. On the 17th Chaitra, 2079, Kantipur Television Network Limited will hold its Special General Meeting (SGM). The meeting will begin at 1 PM in the company’s headquarters in Tinkune, Kathmandu.

     

  • 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.

     

  • Gold will soon reach an all-time high; it has risen by Rs. 400 per tola today, while silver is trading at Rs. 1,310.

    Gold will soon reach an all-time high; it has risen by Rs. 400 per tola today, while silver is trading at Rs. 1,310.


     

    Today’s gold price has risen by Rs. 400 per tola.

    According to the Federation of Nepal Gold and Silver Dealers’ Association’s official website, fine gold is currently trading at Rs. 107,100 per tola. Yesterday, the rate remained unchanged at Rs. 106,700 per tola. Meanwhile, Tejabi gold is currently trading at Rs. 106,600. In contrast, the rate was kept at Rs. 106,200 per tola yesterday. Today’s gold price has risen by Rs. 400 per tola.

  • The IPO of BPW Laghubitta Bittiya Sanstha has concluded; 8,095 applicants out of 14,58,278 receive 10 units.

    The IPO of BPW Laghubitta Bittiya Sanstha has concluded; 8,095 applicants out of 14,58,278 receive 10 units.


    As part of its Initial Public Offering (IPO), BPW Laghubitta Bittiya Sanstha Limited issued 80,950 units worth Rs 80.95 lakhs to the general public (Falgun 18- 23, 2079).

    Out of the total 97,000 units, 10%, or 9,700 units, were set aside for Nepalese citizens working abroad, 1.50%, or 1,500 units, were set aside for company employees, and 5%, or 4,850 units, were set aside for mutual funds. The remaining 80,950 units will be available to the general public.

     

  • This week, NEPSE lost 69.39 points (3.46%), with a turnover of Rs 6.30 arba.

    This week, NEPSE lost 69.39 points (3.46%), with a turnover of Rs 6.30 arba.


    This week’s NEPSE index closed at 1,933.31, down 69.39 points (3.46%). Last week, the index closed at 2,002.70, up 1.71% from the previous week.

    This week, the index reached a high of 2,016.05 and a low of 1920.10, resulting in 95.95 points of volatility. The previous week’s volatility on the index was 67.20 points.

     

  • 9% of the promoter shares of Prime Life Insurance Company are converted into public shares.

    9% of the promoter shares of Prime Life Insurance Company are converted into public shares.


     

    Prime Life Insurance Company Limited (PLIC) has announced a change in its promoter to public shareholding ratio.

    On the 24th Poush, 2079, the company held its 15th AGM. The AGM approved the board’s proposal to change the promoter/public share ratio of the company from 60:40 to 51:49. The company has now informed that if any of the shareholders are unwilling to convert their ownership of the founder shares into a public group, they should make a self-declaration to the company’s corporate office in Hattisar, Kathmandu, within 7 days of the date of publication of this notice.