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Vishal Group Limited Initiates Auction of 15,00,000 Promoter Shares of Nepal Reinsurance Company Limited (NRIC) with NIC Asia Capital as Auction Manager 1
Business | Market | Economy

Vishal Group Limited Initiates Auction of 15,00,000 Promoter Shares of Nepal Reinsurance Company Limited (NRIC) with NIC Asia Capital as Auction Manager

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Vishal Group Limited has initiated the auction of 15,00,000 units of promoter shares belonging to Nepal Reinsurance Company Limited (NRIC). The auction, which commenced today on the 24th of Poush, is set to continue until the 29th of Magh, 2080. The auction specifically involves 15,00,000 units of promoter shares from Nepal Reinsurance Company Limited, and […]

NMB Bank and HIDCL to Invest 7.40 Arba Rupees in Upper Modi A Hydropower Project 5
Business | Market | Economy

NMB Bank and HIDCL to Invest 7.40 Arba Rupees in Upper Modi A Hydropower Project

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NMB Bank and the Hydroelectricity Investment and Development (HIDCL) Company have jointly committed a substantial investment of 7.40 Arba rupees towards the Upper Modi A hydropower project. In this collaboration, NMB Bank will contribute 4.40 Arba rupees, while HIDCL will invest 3 Arba rupees. The signing of a tripartite loan agreement formalized this partnership, witnessed

NEPSE Index Soars by 1.80% in Today's Trading Session: Highlights of Positive Market Momentum 13
NEPSE NEWS

NEPSE Index Soars by 1.80% in Today’s Trading Session: Highlights of Positive Market Momentum

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The Nepal Stock Exchange (NEPSE) Index demonstrated a substantial increase of 36.57 points, equivalent to 1.80%, compared to the previous day’s closing, settling at 2,059.49 points. This positive shift follows a downturn of 26.36 points in the preceding trading session. The day commenced with the index opening at 2025.89, registering an intraday low of 2,025.62,

SEBON Approval: Ridi Power and Arun Valley Hydropower Set to Issue Right Shares for Expansion 21
Dividend

SEBON Approval: Ridi Power and Arun Valley Hydropower Set to Issue Right Shares for Expansion

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“The Securities Board of Nepal (SEBON) has given the green light to the rights offering proposals of two hydropower companies, Ridi Power Company Limited (RIDI) and Arun Valley Hydropower Development Company Limited (AHPC). Ridi Power Company plans to issue 50% right shares, totaling Rs. 77.44 Crores, equivalent to 7,744,506 units, to its existing shareholders. This

Life Insurance Companies in Nepal Achieve Remarkable Premium Collection of Rs. 61.75 Arba in the First Five Months of FY 2080/81 23
Business | Market | Economy

Life Insurance Companies in Nepal Achieve Remarkable Premium Collection of Rs. 61.75 Arba in the First Five Months of FY 2080/81

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During the first fifth month of the fiscal year 2080/81, life insurance companies in Nepal achieved an impressive milestone by collecting a substantial amount of premiums totaling Rs. 61.75 Arba. This significant premium collection resulted from a cumulative total of 13,754,483 active insurance policies held by policyholders until the month of Mangsir. A report published

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