The Securities Exchange Board of Nepal (SEBON) has granted approval for the proposed initial public offering (IPO) of Himalayan Re-insurance Limited. This reinsurance company plans to issue 30,000,000 equity shares to the general public at a price of Rs. 206 per share, with a face value of Rs. 100 and a premium of Rs. 106 […]
The Securities Exchange Board of Nepal (SEBON) has given its approval for the Initial Public Offering (IPO) of Vision Lumbini Urja Company Limited. This IPO is scheduled for Bhadra 05, 2080. In this offering, the company plans to release 3,825,000 equity shares, each with a nominal value of NPR 100. The total value of the
The Securities Board of Nepal (SEBON) has recently approved licenses for five new brokerage firms. Sajilo Broker Company Ltd, Roadshow Securities Ltd, and Beni Securities Pvt. Ltd have been granted licenses for limited stock broking services, while Himalayan Securities Ltd and Sunny Securities Company Ltd. have been approved as full operating brokerage service providers.
During a Cabinet meeting on Tuesday, a significant decision was made to approve the Cyber Security Policy 2080. This step, confirmed by the Ministry of Communication and Information Technology, sets the stage for the upcoming Cyber Security Bill. The government aims to create a secure and advanced cyber environment in the country with this
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.
The Nepal Rastra Bank (NRB) has given its final approval for the merger between National Microfinance Laghubitta Bittiya Sanstha Limited (NMFBS) and Summit Laghubitta Bittiya Sanstha Limited (SMFDB). National Microfinance (NMFBS) issued a press release announcing the approval. The merger proposal by National Microfinance was presented at a Special General Meeting (SGM) and was later
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
SEBON Approves IPOs for Chirkhwa Hydropower and Bhagwati Hydropower The Securities Exchange Board of Nepal (SEBON) has given the green light to the initial public offering (IPO) proposals of Chirkhwa Hydropower Limited and Bhagwati Hydropower Development Company Limited on Ashad 20, 2080. Chirkhwa Hydropower will issue 1,200,000 equity shares at a par value of
The Securities Board of Nepal (SEBON) has given its approval for Upper Tamakoshi Hydropower Limited (UPPER) to issue 100% right shares. The company plans to issue shares worth NPR 10.59 Arba, equivalent to 105,900,000 units of right shares on a 1:1 basis to its existing shareholders. The application for this proposal was submitted to SEBON
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
