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SEBON Approves 35% Right Shares of Multipurpose Finance Company; Issue of 15.82 Lakh Shares Imminent
The Securities Board of Nepal (SEBON) has given its approval to Multipurpose Finance Company Limited (MPFL) for a rights offering. MPFL plans to issue 35% right shares valued at Rs. 15.82 Crores, which will involve distributing 1,582,000 (1:0.35) units of right shares to its existing shareholders. Currently, MPFL has a paid-up capital of Rs. […]
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IME Life Insurance IPO Oversubscribed 1.4 Times with 10.84 Lakh Applicants
IME Life Insurance Company Limited is concluding the issuance of 96,00,000 unit shares to the general public starting from today, which is the 25th of Ashad. The issuance began on the 21st of Ashad, 2080. The company has an issued capital of Rs. 4 Arba, out of which 30% or 1,20,00,000 unit shares are […]
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Macro Economic Indicators of FY 2022/23: Remittance Inflows Rise by 22.7%, Inflation at 6.83%
As of mid-June 2023, there was a total outstanding concessional loan of Rs. 203.10 billion given to 147,510 borrowers. Out of this amount, Rs. 139.68 billion was provided to 61,235 borrowers for selected commercial agriculture and livestock businesses. Additionally, Rs. 60.46 billion was given as loans to 83,455 women entrepreneurs. In other specified sectors, […]
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“Mithila Laghubitta Converts 9% of Promoter Shares to Public Share”
Mithila Laghubitta Bittiya Sanstha Limited (MLBBL) has announced a change in the proportion of shares held by the company’s promoters and the public. The previous ratio of 60% held by promoters and 40% held by the public will be adjusted to 51% for promoters and 49% for the public. The company has requested shareholders […]
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“NEPSE Index Remains Steady with Slight Dip as Trading Volume Reaches Rs. 3.79 Arba”
The NEPSE index ended the day at 2,076.96, experiencing a slight decrease of 0.80 points or 0.04% compared to the previous closing. Yesterday, the index had gained 28.38 points. The trading day started with an opening value of 2,081.75 and reached a high of 2,102.09, while the lowest point was 2,067.85 before settling at […]
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NRB Approves Merger of National and Summit Microfinance
The Nepal Rastra Bank (NRB) has given its final approval for the merger between National Microfinance Laghubitta Bittiya Sanstha Limited (NMFBS) and Summit Laghubitta Bittiya Sanstha Limited (SMFDB). National Microfinance (NMFBS) issued a press release announcing the approval. The merger proposal by National Microfinance was presented at a Special General Meeting (SGM) and was later […]
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Shivam Cements (SHIVM) Price Soars 57.11% in 90 Days; Top Broker Revealed!
Over the past 90 days, the stock price of Shivam Cements Limited (SHIVM) has experienced a remarkable surge. The company’s shares have soared by an impressive 57.11%, indicating a strong boost in investor confidence and signaling positive prospects for the cement industry. Starting at Rs. 394 on April 10, 2023, the closing price of […]
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“Ankhukhola Hydropower Approves 150% Right Shares at 15th AGM”
During its 15th Annual General Meeting, Ankhukhola Hydropower approved a 150% increase in right shares for its current shareholders. The funds raised through these shares will be invested in the development of the 20 MW Ankhukhola Hydropower 2 project, which is currently being promoted by Ganesh Himal Hydropower Company. The company plans to allocate […]
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Synergy Power Development Company (SPDL) Announces Book Closure Date for 50% Rights Offering
Synergy Power Development Company (SPDL) has announced the book closure date for its 50% right shares, which is set for Shrawan 12, 2080. This means that shareholders who held shares before that date will be eligible for the rights offering. The hydropower company plans to issue 50% right shares valued at Rs. 40.32 Crores. This […]
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“Singati Hydro Energy Taps Kumari Capital as Issue Manager for 100% Right Share Offering; 1.45 Crore Unit Shares to be Floated”
Singati Hydro Energy has chosen Kumari Capital as the issue manager to handle the issuance of right shares to its existing shareholders. According to the company’s announcement, they plan to float their shares in a 1:1 ratio, totaling 1.45 crore unit shares. The memorandum of understanding (MoU) was signed between Singati Hydro Energy’s Managing […]
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