Nepal Investment Mega Bank has decided to issue debentures worth Rs. 4 arba, and they have chosen Prabhu Capital as the issue manager for this process. The debentures will be offered to the general public as well as institutional investors. The duration of the debenture is for ten years and it will provide a 10% […]
The merger between IME General Insurance Limited (IGI) and Prudential Insurance Company Limited (PICL) has been finalized, with the two companies agreeing to a 1:1 swap ratio and forming a new entity called “IGI Prudential Insurance Limited”. The merger has received final approval from the Nepal Insurance Authority and the Office of the Registrar of
Citizens Capital Limited has announced the closure of its mutual fund scheme, “Citizens Super 30 Mutual Fund”, to the general public from 20th Baisakh, 2080. The issue was opened on the 6th of Baisakh and was supposed to close on the 10th of Baisakh, 2080. However, as the issue manager didn’t receive enough applications, the
NIBL Ace Capital Limited has signed a Roadmap for an IPO agreement with Alliance Pharmaceuticals Pvt. Ltd. as part of its business consulting service. The agreement was signed in the presence of Mr. Sunil Pradhan, Managing Director of Alliance Pharmaceuticals Pvt. Ltd., and Mr. Bhuwan Raj Panta, Head of Corporate Advisory Service of NIBL Ace
Laxmi Equity Fund (LEMF), a closed-end 7-year equity-oriented mutual fund scheme administered by Laxmi Capital Market Limited, showed a modest increase in NAV to Rs. 10.03 at the end of Chaitra from Rs. 9.93 the previous month. The plan started with a fund amount of Rs. 1.25 crore. Arba has invested Rs. 77.67 crores in
On the 10th of Chaitra 2078, the Nepal Insurance Authority directed that life insurance businesses have a minimum paid-up capital of Rs. 5 Arba. The Insurance Board also encouraged non-life insurance companies to increase their paid-up capital to Rs. 2.5 Arba by the end of Chaitra 2079.
Muktinath Capital has introduced a New Year Offer for its valued customers, in which customers can register with Muktinath PMS Service for a minimum duration of one year with an investment of at least three lakhs. In addition, existing Demat holders and new clients can enroll for lifetime Demat and Meroshare account service for
Hathway Investment Nepal Limited (Hathway), Nepal’s first private-equity investment firm, generated Rs. 1277 million in operating income (OI) in fiscal year 2022. For FY 23, the company has projected an operating income of around Rs. 116 million. ICRA Ratings has assigned a long-term rating of LBBB to Hathway for long-term loans totaling Rs. 147.7 million
The Securities Exchange Board of Nepal (SEBON) has recently added “Global IME Samunnat Yojana -II” to its latest list of mutual fund scheme pipeline status. The Global IME Samunnat Yojana-II will have a fund size of Rs. 1.2 Arba divided into 12 Crore units with a par value of Rs.10 each. On Chaitra 19,
Asian Life Insurance Company Limited (ALICL) has scheduled its 15th Annual General Meeting for the 18th of Baisakh, 2080. The meeting will begin at 11:30 a.m. that day in Hotel Classic Simara, Bara. Among the other items on the agenda, the AGM will approve an 8.947% dividend of Rs. 26.01 crores for fiscal year
