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  • Starting today, Prabhu Bank will be selling 46,74,396 units of promoter shares to the general public and institutions.

    Starting today, Prabhu Bank will be selling 46,74,396 units of promoter shares to the general public and institutions.


    From now, that is, on 12 Falgun through 26 Falgun, 2079, the current promoters of Prabhu Bank Limited (PRVU) are selling its 46,74,396 unit promoter share at an auction.

    There will be an auction for 46,74,396 units of promoter shares. In an auction, bids may be submitted by institutions, businesses, or individual investors. The minimum bid is Rs. 123. 10,000 units are the required minimum bid amount for promoter shares. Bidders are allowed to offer for the full issue, but they must adhere to the Nepal Rastra Bank’s guideline that they cannot offer for more shares per entity than what is allowed.

    The auction manager is Prabhu Capital Ltd. On Falgun 27, at the auction manager’s location, bids will begin to be accepted at 11 a.m.

  • NEPSE dropped by 47.77 points (2.31%), and this week’s turnover was Rs 8.25 araba

    NEPSE dropped by 47.77 points (2.31%), and this week’s turnover was Rs 8.25 araba


    Due to the public holidays on Sunday and Tuesday, NEPSE only traded for three days this week. This week, the index dropped by 47.77 points (2.31%), closing at 2,022.64 as a result. Last week, the index lost 5.14% from the week before, closing at 2,070.41.

    This week, the index fluctuated by 68.79 points, hitting a high of 2,083.83 and a low of 2,015.04. The index had experienced 113.79 points of volatility the week before.

  • Adarsha Laghubitta Calls AGM on Falgun 30 to Endorse 21.05% Dividend and Share Swap Ratio for Merger

    Adarsha Laghubitta Calls AGM on Falgun 30 to Endorse 21.05% Dividend and Share Swap Ratio for Merger


     

    Adarsha Laghubitta Bittiya Sanstha Limited (ADLB) has scheduled its 5th Annual General Meeting for 30th Falgun, 2079. The meeting will begin at 11 a.m. that day at the Gautam Village Resort in Banepa.

    Among the other items on the agenda, the AGM will approve a 21.05% dividend of Rs. 43.57 lakhs for fiscal year 2078/79. The board of directors decided to distribute the dividend on the paid-up capital of Rs. 2.07 crores at its meeting on March 18. A 20% bonus share and a cash dividend of 1.05% (for tax purposes) have been proposed. Thus, the bonus shares are worth slightly more than Rs. 41.40 lakhs, and the cash dividend is worth slightly more than Rs. 2.17 lakhs. In addition, two directors from the public shareholding group will be elected at the meeting.

     

  • IPO of Bhugol Energy Development Company Opens From Today For Project-Affected Locals and Nepalese Employed Abroad

    IPO of Bhugol Energy Development Company Opens From Today For Project-Affected Locals and Nepalese Employed Abroad


     

    Bhugol Energy Development Company Limited was formed as a private limited company on February 16, 2009, and was later converted to a public limited company on October 31, 2017, to allow for public participation. The company operates the 3.75-MW Dwari Khola Small Hydropower Project in Nepal’s Dailekh District, Karnali Province. The project began commercial operations on May 6, 2017, ahead of the required COD of June 30, 2017, and was built at a total cost of NPR 734 million (NPR 196 million per MW) with an initial debt-to-equity ratio of 82:18.

  • JBLB proposes a 37.368% dividend for fiscal year 2078/79.

    JBLB proposes a 37.368% dividend for fiscal year 2078/79.


    For the fiscal year 2078/79, Jeevan Bikas Laghubitta Bittiya Sanstha Limited (JBLB) has proposed a dividend of 37.3684%.

    The 72nd meeting of the board of directors, held on Falgun 06, decided to distribute a dividend of Rs. 1.03 Arba on the paid-up capital. A cash dividend of 9.3684% and 28% bonus shares have been proposed. Thus, the bonus shares are valued at Rs. 28.95 crores, while the cash dividend is valued at Rs. 9.68 crores. For the tax amount on bonus shares, a cash dividend has been proposed.

    The dividend will be paid only after approval from Nepal Rastra Bank and approval from the company’s upcoming AGM. Last week, JBLB closed at Rs. 2,711.

    Last year, the company paid a 73.68% dividend, including 70% bonus shares, for fiscal year 2077/78.

  • Price of Gold Surged by Rs 700 Per Tola; Trading Today at Rs 103,200

    Price of Gold Surged by Rs 700 Per Tola; Trading Today at Rs 103,200


    Today’s gold price has risen by Rs. 700 per tola.

    According to the Federation of Nepal Gold and Silver Dealers’ Association’s official website, fine gold is currently trading at Rs. 103,200 per tola. Yesterday, the rate remained unchanged at Rs. 102,500 per tola. Meanwhile, Tejabi gold is currently trading at Rs. 102,700. In contrast, the rate was kept at Rs. 102,000 per tola yesterday.

    Silver has gained Rs. 15 per tola on the sidelines. The gleaming white metal is currently trading in the local market at Rs. 1,290 per tola, up from Rs. 1,275 per tola yesterday.

    Gold is currently trading at $1,843.80 per ounce in USD, while silver is trading at $21.77 per ounce.

  • NEPSE drops another 23.60 points to 2,046.81.

    NEPSE drops another 23.60 points to 2,046.81.


     

    The NEPSE index closed today at 2,046.81, a decrease of 23.60 points from the previous trading day’s close. This represents a 1.14% decrease. The following are the results of the survey.

    Today, the index opened at 2,069.67 and reached an intraday high of 2,069.78. It fell as low as 2,040.18 before

  • Deprosc Laghubitta (DDBL) Announces Book Closure Date for Cash Dividend of 21.052%

    Deprosc Laghubitta (DDBL) Announces Book Closure Date for Cash Dividend of 21.052%


    Deprosc Laghubitta Bittiya Sanstha Limited (DDBL) has announced the book closure date for its 21.052632% dividend worth Rs. 29.21 crores for fiscal year 2078/79 and has scheduled the 21st Annual General Meeting for Falgun 30, 2079. The meeting will take place at the Hotel Seven Stars in Sauraha, Chitwan.

    Among the other items on the agenda, the AGM will approve a 21.052632% dividend of Rs. 29.21 crores for fiscal year 2078/79. The 325th meeting of the board of directors, held on Poush 25, decided to distribute a dividend

     

  • Following the merger with BOKL, 11.26 crore units of Global IME Bank’s .

    Following the merger with BOKL, 11.26 crore units of Global IME Bank’s .


    Global IME Bank Limited (GBIME) has added 112,614,336 new shares to the NEPSE.

    On 2nd Ashad, 2079, Global IME Bank Limited (GBIME) and Bank of Kathmandu Limited (BOKL) signed a merger agreement and agreed to a 1: 1 share swap ratio for the merger. As a result of the merger, the additional shares are now listed in NEPSE. After the merger, GBIME’s total listed shares were 245,096,261 and BOKL’s were 112,614,337.17, for a total of 357,710,597 unit shares.

     

  • Total Deposits Went Up Rs. 14 Billion in End Week of Magh, Lending Risen by Rs. 3 Billion

    Total Deposits Went Up Rs. 14 Billion in End Week of Magh, Lending Risen by Rs. 3 Billion


    The Nepal Bankers’ Association (NBA) has published a comprehensive study on deposit and lending trends in Nepal’s commercial banks. This information is current as of the end of Magh in 2079. Until Falgun 01, the CD ratio was 86.24.

    The total amount of deposits increased by Rs. 14 billion (Arba) in the fourth week of Magh month, reaching Rs. 4741 billion. Deposits totaling Rs. 4630 billion have been made in rupees, with the remaining Rs. 111 billion in foreign currency. The total deposits at the start of Magh were Rs. 4708 billion.

  • Last Day to Apply for Sagarmatha Jalbidhyut Company’s Local IPO; Issue Closing Date:

    Last Day to Apply for Sagarmatha Jalbidhyut Company’s Local IPO; Issue Closing Date:


    From today, 5th Falgun, 2079, Sagarmatha Jalbidhyut Company Limited will close the issue of 11,20,000 unit IPO shares for project-affected locals of Illam District. The issue had begun on the 5th of Magh, 2079.

    The company’s issued capital is Rs. 1.12 Arba, of which 10%, or 11,20,000 unit shares worth Rs. 11.20 crores, have been reserved for project-affected Illam District residents. Meanwhile, 39% of the company’s issued capital, or 43,68,000 unit shares, will be made available to the general public later. 10% of the shares, totaling 436,800 units, were allocated for Nepalese citizens working abroad in this public issue, which closed on the 19th of March

     

  • Chhimek Laghubitta (CBBL) Announces Book Closure Date for its Cash Dividend of 25.26%

    Chhimek Laghubitta (CBBL) Announces Book Closure Date for its Cash Dividend of 25.26%


    Chhimek Laghubitta Bittiya Sanstha Limited (CBBL) has unveiled the book closure date for its 25.26% dividend worth Rs. 58.70 crores for the fiscal year 2078/79 and has called the 21st AGM on Chaitra 10, 2079. The meeting will be held in Hetauda, Makawanpur, starting at 11 am that day.

    Among the other agendas, the AGM will endorse a 25.26% dividend for the fiscal year 2078/79. The 282nd meeting of the board of directors held on Poush 27 decided to distribute the dividend on the paid-up capital of Rs. 2.32 Arba. 22% bonus shares worth Rs 51.13 crores and 3.26 % cash dividend (including tax) worth Rs 7.57 crore have been proposed.