This is shameless dumping.
Tldr : only physical newspaper is going public.
Online nagrik news is different company.
View on r/NepalStock by captainright1
Tag: company’s
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Nepal Republica (nagrim Patrika) duming their dying company’s stock
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“Ridi Power Company’s 50% Right Share Added to SEBON Pipeline”
SEBON, the Securities Exchange Board of Nepal, has included Ridi Power Company Limited’s right shares in its initial evaluation phase. This hydropower firm intends to offer 50% right shares amounting to Rs. 77.44 Crores. This will involve distributing 7,744,506 (in a 1:0.50 ratio) units of right shares to its current shareholders. With the company’s existing paid-up capital at Rs. 1.54 Arba, the implementation of these proposed right shares will lead to a new paid-up capital of Rs. 2.32 Arba.
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“Himalaya Urja Bikas Company’s Right Shares Added to SEBON Pipeline for Preliminary Review”
The Securities Exchange Board of Nepal (SEBON) has included the right shares of Himalaya Urja Bikas Company (HURJA) in its pipeline, subject to preliminary review. HURJA, a hydropower company, plans to issue 100% right shares valued at Rs. 99 Crores. This will involve the issuance of 9,900,000 (1:1) units of right shares to its existing shareholders. Currently, the company has a paid-up capital of Rs. 99 Crores. Upon the successful adjustment of the proposed right shares, the company’s paid-up capital will rise to Rs. 1.98 Arba.
To oversee the right share issuance, Nabil Investment Banking Limited has been appointed as the issue manager. The application for the right shares was submitted to the board on Ashad 31, 2080.
In summary, Himalaya Urja Bikas Company’s right shares have been included in the SEBON pipeline for preliminary review. The company intends to issue 9,900,000 units of right shares worth Rs. 99 Crores to its existing shareholders, which will result in an increased paid-up capital of Rs. 1.98 Arba. Nabil Investment Banking Limited has been entrusted with the responsibility of managing the right share issuance process.
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“Prabhu Life Insurance Company’s 5th AGM Approves Dividend, Elects New BoDs, and Announces Merger with Mahalaxmi Life Insurance”
Prabhu Life Insurance Company recently held its 5th Annual General Meeting (AGM) under the chairmanship of Mr. Subhash Amatya on Jestha 26, 2080.
During the AGM, the financial reports for the previous fiscal year were approved. In addition, the meeting decided to distribute 9.80% bonus shares and 0.51% cash dividends to the shareholders. These dividends serve as a return on their investment in the company. Moreover, the AGM elected new members to the Board of Directors, including Ms. Shikshya Bhattachan, Ms. Mijas Bhattachan, Mr. Shyam Krishna Shrestha, and Mr. Sushan Sherchan from the promoter shareholder group, as stated in the media statement.
Furthermore, the AGM endorsed the proposal for a merger with Mahalaxmi Life Insurance. The merger will be conducted using a share swap ratio of 100%, resulting in the formation of a new entity named Prabhu Mahalaxmi Life Insurance. According to the media statement, the joint operations of the merged entity are expected to commence by the end of Asar, 2080.
Overall, the AGM marked important decisions regarding dividend distribution, Board of Directors’ composition, and the merger with Mahalaxmi Life Insurance, leading to the formation of Prabhu Mahalaxmi Life Insurance.
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Dolti Power Company’s Initial Public Offering (IPO) has concluded, with 1,27,186 lucky applicants receiving 10 units each.
Dolti Power Company Limited’s initial public offering (IPO) was completed today at the offices of NIC Asia Capital Limited in Kathmandu.
Dolti Power Company Limited offered 12,71,861 units worth Rs 12.71 crores to the general public as an Initial Public Offering (IPO) (Chaitra 28, 2079- Baisakh 3, 2080).According to the allocation module, a total of 1,27,186 candidates were assigned 10 units each by lottery, with one lucky applicant receiving an additional unit, while the rest 11,41,760 applicants were returned with empty hands.
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Reminder! Last Day to Claim Asian Life Insurance Company’s Dividend
Today is the last day to claim the Asian Life Insurance Company Limited (ALICL) dividend.
The corporation 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.