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Bhugol Energy Development Company to Issue IPO Shares
Bhugol Energy Development Company Limited has issued an offer letter to the project-affected residents of Dailekh District and Nepalese citizens working abroad in order to launch an Initial Public Offering (IPO). The initial public offering (IPO) for locals and Nepalese citizens working abroad will take place from the 8th to the 25th of Falgun, […]
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Employed Abroad; Deadline Extended for Project Affected Locals Till Falgun 15
Makar Jitumaya Suri Hydropower Company Limited is closing the issue of its IPO to the Nepalese citizens working abroad from today i.e. on 29th Magh and has extended the IPO issue deadline for project-affected locals till 15th Falgun, 2079. The issue had opened on 15th Magh, 2079. The issued capital of the company is Rs. […]
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Mountain Energy Nepal Reports Net Profit of Rs 35.55 Crores for Q2
Mountain Energy Nepal Ltd reported a profit (after tax) of Rs. 35.55 crores in the second quarter. Profit decreased by 16.52% in this quarter. The profit in the previous corresponding quarter was Rs. 42.63 crores. Tadi Khola (5 MW) and Mistri Khola (42 MW) generate revenue from electricity sales, which are invoiced to Nepal Electricity […]
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Asian Hydropower Opening Issue of 697,200 Unit IPO Shares to General Public from Today
Asian Hydropower Limited will issue 6,97,200 unit shares with a face value of Rs 100 starting today, March 27th, 2079. The company expects to earn Rs 6.97 crore from this IPO. This issue’s early closing date is Falgun 2, 2079, and if it is not fully subscribed, it can be extended until Falgun 12, 2079. […]
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Trading of Vijaya Laghubitta (VLBS) Suspended as the Company Declares Dividend By Violating NEPSE Guidelines
The Vijaya Laghubitta Bittiya Sanstha Limited (VLBS) transaction has been halted, according to the official notice of the Nepal Stock Exchange (NEPSE), since the business declared dividends to be given to shareholders without first receiving authorisation from NEPSE. At 6:35 PM on Magh 25, after business hours, Nepal Stock Exchange received the letter from VLBS […]
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Molung Hydropower Company Allotted Shares to Project-Affected Locals and Nepalese Working Abroad on the 24th of Magh.
Molung Hydropower Company Limited has distributed IPO shares to project participants and Nepalese citizens working abroad. The allotment program ended on the 24th of Magh, 2079, and money will be refunded to non-allottee applicants beginning on the 29th of Magh, 2079. The company’s issued capital is Rs. 80.25 crores, of which 10%, or 8,02,500 unit […]
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Sanima Mai Hydropower Reports an 11.36% Drop in Net Profit
Sanima Mai Hydropower Company Limited (SHPC) reported an 11.36% decrease in net profit in the second quarter (Q2) of fiscal year 2079/80. Profit declined to Rs. 32.92 crores in this quarter from Rs. 37.14 crores in the previous year’s equivalent quarter. Revenue from the sale of electricity has declined by 12.4% when compared to the […]
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The revenue generated by Ankhukhola Hydropower has decreased by 10.43% to Rs. 12.23 crores.
Ankhukhola Hydropower Company Limited (AKJCL) has released its Q2 financial report for fiscal year 2079/80, which shows a 29.43% decrease in net profit to Rs. 2.66 crores. During the previous fiscal year’s same quarter, the firm generated a net profit of Rs.3.77 crores. Total revenue during the second quarter was down 10.43% to Rs. 12.23 […]
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The ERC has given preliminary approval to Synergy Power Development Company to issue 50% rights.
The Electricity Regulatory Commission has given preliminary approval to Synergy Power Development Company (SPDL) to issue a 2: 1 right offering. On Kartik 17, 2079, the application for the issuance of right shares was submitted to ERC. On Shrawan 24, 2078, the board of directors proposed issuing 50% right shares on the paid-up capital after […]
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Can I open a verified Paypal account in Nepal?
Paypal is not available in Nepal. Now that the government have given permission to several banks to issue dollar cards to Nepali citizens, Paypal might start looking at supporting Nepali market as well. However, being a small country, a tiny market for Paypal and strict NRB policies, it could not be possible anytime soon.
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