Sarbottam Cement plans to issue 12.9033% of its total issued capital, which amounts to Rs 4.65 billion. This equates to 6 million shares, valued at Rs 6 billion. Initially, 40% of these shares, totaling 2.4 million, were allocated to Qualified Institutional Investors (QIIs), leaving 60% for the general public. Of the 3.6 million shares […]
On January 23, 2080, Budhanilkantha Heritage Hotel Limited (BHHL) enlisted Global IME Capital Limited (GBIMEL) as the manager for issuing and selling securities. They plan to offer 1,500,000 ordinary shares, which represent 15% of the total issued capital, at a face value of Rs 100 per share to the general public. The agreement for
Ganapati Laghubitta Bittiya Sanstha Limited (GMFBS) has published its second-quarter financial report for FY 2080/2081, indicating a 5.33% decrease in Net Profit. The net profit for this quarter fell to Rs. 1.07 Crores from Rs. 1.13 Crores in the same period last year. Moreover, the company experienced a 14.25% decrease in borrowings, totaling Rs. 1.49
Chhimek Laghubitta Bittiya Sanstha Limited (CBBL) released its second-quarter report for FY 2080/2081, revealing a 21.55% decline in net profit. The net profit dropped to Rs. 43.62 crore from Rs. 55.60 crore in the same quarter last year. Additionally, the company’s borrowings decreased by 22.81% to Rs. 3.51 Arba compared to Rs. 4.55 Arba
Akama Hotel Limited has scheduled a Special General Meeting (SGM) for the 14th of Falgun, 2080. The meeting will take place at the company’s registered office located in Akama Hotel, Dhumbarahi, Kathmandu, starting at 11:30 AM. One of the key agendas for the meeting is to propose issuing an Initial Public Offering (IPO) to
NIMB Ace Capital Limited launched its latest closed-end mutual fund scheme, named the “NIBL Stable Fund,” valued at Rs 1 Arba. The subscription period began on the 2nd of Magh and ended on the 16th of Magh, 2080. The allotment program took place at NIMB Ace Capital’s premises in Lazimpat on the 24th of Magh
The Nepal Stock Exchange (NEPSE) Index rose by 4.92 points or 0.23% from the previous day to close at 2,090.64 points. The index had gained 9.44 points the day before. Today, trading began with the index opening at 2,095.1, hitting a low of 2,086.76, and reaching a high of 2,107.57. In today’s trading session,
The Narayangadh-Butwal road expansion, part of the East-West Highway, is only 46% complete after five years, with significant work remaining. Engineer Shiv Khanal, from the project’s Eastern Section, attributes the slow progress to contractors not sticking to their schedules. The China State Construction Engineering Corporation Limited began the project in 2075 B.S. with a
Mithila Laghubitta Bittiya Sanstha Limited (MLBBL) has recently released its financial report for the second quarter of the fiscal year 2080/81. The company disclosed a net profit of Rs. 1.33 Crore during this quarter, indicating a decline of 38.73% from the Rs. 2.17 Crores reported in the same quarter of the previous fiscal year. MLBBL’s
The Federation of Nepal Gold and Silver Dealers’ Association (FENEGOSIDA) has reported a recent decrease in the cost of fine gold and silver. According to the latest update, the trading price for fine gold is now Rs. 1,18,000 per tola, marking a reduction of Rs. 500 from the closing rate on Monday, which was Rs.
The Nepal Stock Exchange (NEPSE) Index recorded a gain of 9.44 points, equivalent to 0.45%, compared to the previous day’s closing, concluding at 2,085.71 points. The index had experienced a gain of 14.57 points in the preceding trading session. The market commenced today with an opening index of 2,073.83, reaching an intraday low of 2,067.59,
The Nepal Rastra Bank, the central bank of Nepal, has disclosed the current macroeconomic and financial state of Nepal based on data from the first six months ending mid-January 2023/24. The overall assessment reveals that inflation remained at 5.26% on a year-on-year basis, and the gross foreign exchange reserves reached USD 13.69 billion. Total imports
