The dividend proposed by Nerude Laghubitta Bittiya Sanstha Limited (NLBBL) and Shikhar Insurance Company Limited expires today (SICL).
The 16th Annual General Meeting (AGM) of Nerude Laghubitta Bittiya Sanstha Limited (NLBBL) has been scheduled for the 28th of Magh, 2079. The meeting will begin at 11 a.m. in Morang’s Assembly Hall, Biratnagar-2.
The Electricity Regulatory Commission has given preliminary approval to Synergy Power Development Company (SPDL) to issue a 2: 1 right offering. On Kartik 17, 2079, the application for the issuance of right shares was submitted to ERC.
On Shrawan 24, 2078, the board of directors proposed issuing 50% right shares on the paid-up capital after adjusting 10% bonus shares for fiscal year 2077/78, i.e. Rs. 80,65,75,000. The company’s paid-up capital will rise to Rs. 120.98 crores after the proposed right share is adjusted.
Kalinchowk Darshan Limited (KDL) will issue its initial public offering (IPO) on Thursday, March 19, 2079. The allotment program will begin at 10 a.m. on the premises of the issue manager, Nabil Investment Banking Limited.
From the 3rd to the 6th of March, the company issued 896,400 units of Rs 100 face value shares to the general public in an Initial Public Offering (IPO) worth Rs 8.96 crore. Out of the total 10,80,000 units, 10%, or 108,000 units, were already issued and allotted to Nepalese citizens working abroad, 2%, or 21,600 units, were set aside for company employees, and 5%, or 54,000 units, were set aside for mutual funds.
The Ministry of Finance has created an action plan to carry out the policy priorities and minimum programs.
The action plan, according to the Ministry, includes policies and programs, milestones, resources, time constraints, monitoring and evaluation indicators, and so on.
The action plan discusses promoting revenue collection effectiveness, further systematizing the revenue system, and maintaining professional neutrality while changing the revenue rate and controlling
Molung Hydropower Company Limited is completing the distribution of 8,02,500 IPO shares to project-affected locals today, on Magh 15, 2079. The issue had begun on the 19th of Poush, 2079.
The company’s issued capital is Rs. 80.25 crores, of which 10%, or 8,02,500 unit shares worth Rs. 8.02 crores, have been allocated to project-affected Okhaldhunga District residents. Meanwhile, 34% of the company’s issued capital, or 27,28,500 unit shares, will be made available to the general public later. This public issue, which closed on March 3rd, allocated 10% of the shares totaling 272,850 units to Nepalese citizens w
Molung Hydropower Company Limited was incorporated on November 28, 2019, as a public limited company, has a paid-up capital of NPR 449.4 million, 100% promoter held, as of mid-Apr 2022. The company is operating a 7MW Molung Khola HPP in Okhaldhunga district, Province 1 of Nepal since March 2018. The project is a run of the river (R-o-R) type and has been developed at a 40% probability of exceedance (Q40) with a design discharge of 8.15m3/s and a gross head of 108.45m. With a contract PLF of 58%, the annual contract energy production is ~36GWh with a dry energy mix of 16%. The project was commissioned on March 26, 2018, a month prior to its Required COD of April 2018, and is eligible for all five tariff escalation
Forward Microfinance Laghubitta Bittiya Sanstha Limited (FOWAD) has begun distributing 5% cash dividends to its shareholders’ bank accounts as of today (15th Magh) and has urged them to dematerialize their shares.
On Poush 30, 2079, the company held its 10th AGM for the fiscal year 2078/79. The board of directors approved a 30% dividend for fiscal year 2078/79. On Poush 04, the board of directors decided to distribute the dividend on the paid-up capital of Rs. 84.44 crores. A 5% cash dividend (including tax) of Rs. 4.22 crores was proposed, along with a 25% bonus dividend of Rs. 21.11 crores. The same cash dividend is now paid out.
NIBL Ace Capital Limited, a leading merchant banking and Inveent banking company, has provided its clients with a variety of financial services over the years. Portfolio Management Service (PMS) is one of these profitable services that has assisted many people in achieving their goals with a well-balanced risk and return.
In addition to investment banking, NIBL’s Merchant Banking business is structured around three distinct groups of businesses: portfolio management service (PMS), capital advisory, and debt funding, both in Nepal and globally. There are currently more than 1100 satisfied customers associated with the PMS, and the size of Asset Under Management (AUM) has now reached $4 billion.
NEPSE traded only four days this week because to the national holiday on Sunday. This week, the index finished at 2,183.21, up 4.40 points (0.20%). Last week, the index finished at 2,178.81, up 1.37% from the previous week.
This week, the index reached a high of 2,202.26 and a low of 2,140.18, resulting in 62.08 points of volatility. In the preceding week, the index had 77.78 points of volatility.
Trend analysis is a type of technical analysis that predicts future movement based on present trend data. The short-term trend on the daily charts is up, while the NEPSE index’s mid-term trends are still down.
Today’s gold price has dropped by Rs. 1,100 per tola.
According to the Federation of Nepal Gold and Silver Dealers’ Association’s official website, fine gold is now trading at Rs. 105,800 per tola. Yesterday, the rate remained unchanged at Rs. 1,06,900 per tola. Meanwhile, Tejabi gold is currently trading at Rs. 105,300. In contrast, the pricing was kept at Rs. 1,06,400 per tola yesterday.
On the other hand, silver is holding steady at Rs. 1,380 per tola.
On the international market, gold is currently priced at $1,924.40 per ounce in USD.
Ex-pat Nepalese who send money to NIC ASIA Bank accounts in Nepal using World Remit would receive a bonus of Rs 400.
The scheme will run from Aswin 11 to Kartik 10, 2078, with just the first transaction eligible for the bonus.
The bank now has 356 branches, 472 ATMs, 70 extension counters, and 81 branchless banking units across the country.
Additionally, receive $20 bonus if you send money to Nepal using Word Remit by clicking on the link below.