A Letter of Credit (LC) is a crucial financial tool in global trade that ensures a secure exchange of goods and payments between international buyers and sellers. Functioning as a guarantee from the buyer’s bank, the LC assures the seller of payment upon meeting specified conditions, including delivering goods and providing necessary documents. This […]
“Citizens Super 30 Mutual Fund (C30MF) has recently been introduced to the NEPSE market, with a total of 75,072,390 units available for trading. This fund operates as a closed-end type, indicating that it has a fixed maturity period of 10 years. When it was initially issued, the mutual fund distributed 10 crore units, valued
The life insurance company recently offered its regular shares to the public at a premium price of Rs 244 per share, starting from Asar 31 to Shrawan 14, 2080. According to a press release, the company distributed shares based on different categories of applicants. Around 7,885 applicants received shares based on their requested quantity
During today’s trading session, the Nepal Stock Exchange (NEPSE) Index concluded at 2,019.85 points, marking a significant decrease of 28.40 points or 1.38% in comparison to yesterday’s close. On Monday, the index saw a minor dip of 3.21 points. The session commenced with an opening index of 2,047.72, briefly reaching a peak of 2,055.31
Upper Lohore Hydropower Company Limited has announced the conclusion of its Initial Public Offering (IPO) for 19,53,279 shares with a face value of Rs 100 each, effective today, the 22nd of Shrawan, 2080. The IPO campaign was initiated on the 18th of Shrawan, 2080. Initially, the company had distributed 509,804 shares valued at Rs.
Nepal SBI Bank Limited (SBI) has decided to extend the public offering period for the “9% Nepal SBI Bank Debenture 2089.” The initial opening of the offering took place on the 18th of Shrawan, 2080, and the original closing date was today, the 22nd of Shrawan. As the offering has not garnered complete subscription,
Mandu Hydropower Limited has assigned shares from its Initial Public Offering (IPO) to Nepalese individuals employed overseas. The distribution process ended on the 21st of Shrawan, 2080. This allotment event occurred at the office of Prabhu Capital Limited, the hydropower company’s designated issue manager, located in Kamaladi.
In today’s trading, the Nepal Stock Exchange (NEPSE) Index ended at 2,048.26 points, showing a slight decline of 3.21 points or 0.15% compared to yesterday’s close. The index had started the session at 2,051.47 and reached a high of 2,069.73 during the day, but later dipped to a low of 2,030.19 before closing at
Global IME Bank Limited (GBIME) has released its fourth quarter report for the fiscal year 2079-80, revealing a significant rise in Net Profit to Rs. 7.25 Arba, marking a 46.26 percent increase from the previous year’s Rs. 4.95 Arba during the same period. The bank has seen notable growth in both Net Interest Income
Chirkhwa Hydropower Limited has released an offer letter for an Initial Public Offering (IPO) available to locals affected by the project in Bhojpur District and Nepalese citizens working abroad. The IPO will be open from the 28th of Shrawan to the 10th of Bhadra, 2080. If the locals in Bhojpur District don’t fully subscribe
