Citizens Bank has announced that its 17th Annual General Meeting (AGM) for the fiscal year 2079-80 will take place on Ashoj 26, 2080. During this meeting, the bank plans to approve a cash dividend of 5.79%, equivalent to Rs 82.21 crore, for its shareholders. This dividend comes from the profits earned in the previous […]
The Securities Board of Nepal has granted approval to Citizens Bank International Limited’s ‘10% Citizens Bank Bond 2080.’ This regulatory clearance was given on the 29th of Bhadra, 2080. The ‘10% Citizens Bank Bond 2080’ offering consists of a total of 30 lakh units, with each unit having a par value of Rs. 1,000. Out
Fonepay Payment Service Ltd, Nepal’s Largest Payment Network and NPCI International Payments Ltd (NIPL), the international arm of the of the National Payment Corporation of India, is now ready to launch the first Cross Border QR Payment between Nepal and India. This historic unveiling took place at the Global Fintech Fest 2023, a global gathering
ICRA Nepal Limited has confirmed the Fund Management Quality Rating (FMQR) of [ICRANP] AMC Quality 3 (pronounced ICRA NP Asset Management Company Quality Three) for Citizens Capital Limited. This rating signifies that entities with AMC3 offer reasonable confidence in their management quality. It’s important to note that ICRA Nepal’s assessment doesn’t comment on legal
In an event held at Sundhara, Kathmandu, Thulo Khola Hydropower Limited and Citizens Capital Limited signed an agreement for the management of their Initial Public Offering (IPO). The agreement was formalized by Mrs. Shweta Adhikari Panth, Director of Thulo Khola Hydropower Limited, and Mr. Sabir Bade Shrestha, CEO of Citizens Capital Limited. Under 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
Sun Nepal Life Insurance Company Limited has commenced the issuance of 9,60,000 unit IPO shares exclusively for Nepalese citizens working abroad, starting from today, 1st Shrawan. The IPO issue will remain open until the 15th Shrawan, 2080. The total issued capital of the life insurance company amounts to Rs. 3.2 Arba, of which 30% or
Reliable Nepal Life Insurance Company Limited has initiated the issuance of 12,00,000 units of IPO shares exclusively for Nepalese citizens working abroad. The IPO shares will be available for subscription starting today, July 27th, and the closing date for the issue is August 10th. The company’s total issued capital is Rs. 4 Arba, with
Upper Lohore Hydropower Company Limited has provided updates regarding its initial public offering (IPO) of shares. The IPO is now closed to Nepalese citizens working abroad as of the 21st of Ashad, 2080. However, the deadline for project-affected locals in the Dailekh District has been extended until the 5th of Shrawan. The IPO process started
Ghorahi Cement Industry Limited has announced the closure of its Initial Public Offering (IPO) for Nepalese citizens working abroad starting from 2nd Jestha, 2080. The company has also extended the IPO deadline for project-affected locals until 17th Jestha. The IPO had initially opened on 19th Baisakh, 2080. With an issued capital of Rs. 3.97 Arba,
