Tag: Dividend

  • “Synergy Power Development Launches 1:0.5 Right Share Issue Today”

    “Synergy Power Development Launches 1:0.5 Right Share Issue Today”


    Synergy Power Development Limited (SPDL) has announced the commencement of a new issuance, offering a 2:1 (or 1:0.5) ratio of 4,032,875 units of right shares to its current shareholders. Priced at a par value of Rs. 100 per share, the issuance started on 3rd Bhadra and will continue until the closing date on 24th Bhadra, 2080, during office hours.

    This hydropower company is introducing 50% right shares, equivalent to Rs. 40.32 Crores in value, through the distribution of 4,032,875 units of right shares to its existing shareholders. With a current paid-up capital of Rs. 80,65,75,000, the company’s paid-up capital is set to grow to Rs. 120.98 Crores following the adjustment for the proposed right share issuance.

     

  • “Siddhartha Capital Declares Dividends for Mutual Fund Schemes FY 79/80”

    “Siddhartha Capital Declares Dividends for Mutual Fund Schemes FY 79/80”


     

    During the fiscal year 2079/80, Siddhartha Capital Limited has proposed cash dividends for unitholders of Siddhartha Equity Fund (SEF) and Siddhartha Investment Growth Scheme – 2 (SIGS2), amounting to 5% and 6.5% (including tax) respectively. However, no dividend will be distributed to unitholders of Siddhartha Investment Growth Scheme 3 (SIGS3) during the same period. The decision was made during a board meeting held on the 32nd of Shrawan, with a total cash dividend of Rs. 7.5 Crores for SEF and Rs. 7.8 Crores for SIGS2.

     

  • “API Power Begins 40% Right Share Issue Today”

    “API Power Begins 40% Right Share Issue Today”


     

    API Power Company Limited (API) has initiated the sale of right shares, beginning today (Shrawan 31), which represents 40 percent of its current paid-up capital. The company’s plan involves offering 4 new shares for every 10 existing shares held. This means a total of 16,533,137 right shares will be available, each priced at Rs. 100.

    To facilitate this right share issuance, the company recently completed its book closure on Ashad 22. Shareholders are now eligible to apply for these right shares until the 19th of Bhadra.

  • “Urgent Notice: Nepal SBI Bank and Mahalaxmi Bikas Bank Call on Shareholders to Claim Pending Dividends”

    “Urgent Notice: Nepal SBI Bank and Mahalaxmi Bikas Bank Call on Shareholders to Claim Pending Dividends”


     

    Nepal SBI Bank Limited (SBI) and Mahalaxmi Bikas Bank Limited (MLBL), along with their former entities (Century Commercial Bank Limited, Arniko Development Bank Limited, Innovative Development Bank Limited, Alpin Finance Limited, Sagarmatha Finance, and Seti Finance Limited), have issued a notice to their respective shareholders regarding the retrieval of outstanding dividends that were approved in various general meetings.

    Despite a lapse of 5 years since the dividends were distributed, certain shareholders have yet to collect their entitled dividends from the banks. Shareholders who haven’t availed their dividends are required to submit their share certificates and valid identification to the share department of the respective company. This submission, accompanied by necessary document copies, is necessary to claim their outstanding dividends.

  • “Closing Today: Auction of 15,77,211 Unclaimed Right Shares by Himal Dolakha Hydropower Company”

    “Closing Today: Auction of 15,77,211 Unclaimed Right Shares by Himal Dolakha Hydropower Company”


    Himal Dolakha Hydropower Company Limited (HDHPC) is wrapping up the sale of 15,77,211 regular shares to the public, starting today, the 29th of Shrawan, 2080. The auction began on the 22nd of Shrawan.

    The auction includes 15,77,211 units of regular shares that were not claimed during the initial offering. Earlier, the company had offered existing shareholders a chance to purchase additional shares at a ratio of 1 share for every 0.75 shares they owned, between the 22nd of Jestha and the 25th of Ashad, 2080. The remaining unsold shares from this offering are now up for auction, accessible to everyone. These unsold shares constitute 13.14% of the overall shares initially offered to the company’s shareholders. Both individuals and institutions have the opportunity to participate in the bidding process.

     

  • “Shareholders Urged to Claim Due Dividend by Nepal SBI Bank and Prabhu Bank”

    “Shareholders Urged to Claim Due Dividend by Nepal SBI Bank and Prabhu Bank”


     

    Nepal SBI Bank Limited (SBI) and Prabhu Bank Limited (MLBL), along with several former banks (Century Commercial Bank Limited, Arniko Development Bank Limited, Innovative Development Bank Limited, Alpine Finance Limited, Sagarmatha Finance, and Seti Finance Limited), have issued notices to their respective shareholders. The notices are aimed at facilitating the collection of outstanding dividends that were approved in various general meetings.

    Despite the passage of five years since the dividends were distributed, some shareholders have not yet claimed their entitled dividends from the banks. Shareholders who fall into this category are advised to visit the companies’ share departments. To claim their due dividends, they will need to provide their share certificate, proof of identity, and copies of necessary documents. This process ensures that all eligible shareholders can access the dividends they are owed.

     

  • “HBL and NIMB Call on Shareholders to Collect Pending Dividends”

    “HBL and NIMB Call on Shareholders to Collect Pending Dividends”


     

    Shareholders who have not yet collected dividends approved during the company’s annual general meetings (AGMs) are required to submit their share certificates and identification proof to Himalayan Capital Limited, located in Thamel, Kathmandu. This is necessary along with copies of relevant documents to claim the pending dividends. If this step is not taken, in accordance with section 183 of the Companies Act, 2063, the unpaid dividends will be placed into the “Investor Protection Fund”.

     

  • “Kumari Bank Partners with Classic Industries for 15% Mattress Discount”

    “Kumari Bank Partners with Classic Industries for 15% Mattress Discount”


     

    Kumari Bank has partnered with Classic Industries to offer a generous 15% discount on mattresses to their cardholders and mobile banking users. This special deal aims to benefit customers making purchases from the company.

    Kumari Bank operates through an extensive network comprising 304 branches, 307 ATM outlets, 63 branchless banking units, and 49 extension counters, providing widespread access and convenience for its customers.

     

  • “SFMF Plans 16% Cash Dividend; Book Closure Notice Coming Soon”

    “SFMF Plans 16% Cash Dividend; Book Closure Notice Coming Soon”


     

    .

    Sunrise First Mutual Fund (SFMF) has announced a 16% cash dividend amounting to Rs 13.76 crore, inclusive of taxes, for its unit holders. The specific date for closing the dividend distribution will be released soon, according to the provided statement.

    SFMF, supported by Sunrise Bank and overseen by Sunrise Capital, is a closed-end fund with a maturity period of 10 years and a total size of Rs 86 crore. As of the end of Ashad, its Net Asset Value (NAV) is recorded at Rs. 12.92.

  • “Shareholders Urged to Claim Due Dividend by Mahalaxmi Bikas Bank and Everest Bank”

    “Shareholders Urged to Claim Due Dividend by Mahalaxmi Bikas Bank and Everest Bank”


     

    Mahalaxmi Bikas Bank Limited (MLBL) has announced a notice for shareholders of former entities (Malika Bikas Bank Limited, Mahalaxmi Finance Limited, Yeti Finance Limited, Siddhartha Finance Limited, and Valley Finance Limited) regarding uncollected dividends from past general meetings. If you haven’t received your dividend yet, you need to get in touch with the bank’s share registrar, Siddhartha Capital Limited, situated at Narayanchaur, Kathmandu. Alternatively, you can contact the bank’s share department for further details on claiming your outstanding dividends.

     

  • “Deadline Extended for ‘9% Nepal SBI Bank Debenture 2089’; New Closing Date Set for Shrawan 31”

    “Deadline Extended for ‘9% Nepal SBI Bank Debenture 2089’; New Closing Date Set for Shrawan 31”


     

    Nepal SBI Bank Limited (SBI) has decided to extend the public offering period for the “9% Nepal SBI Bank Debenture 2089.” The initial opening of the offering took place on the 18th of Shrawan, 2080, and the original closing date was today, the 22nd of Shrawan. As the offering has not garnered complete subscription, the deadline has now been pushed back to the 31st of Shrawan.

    In this offering, a total of 20 lakh units are up for grabs, each priced at Rs. 1000. Among these, 12 lakh units (60% of the total) will be allocated through private placement, while the remaining 8 lakh units, valued at Rs. 80 Crores, are available for public subscription. Of this public portion, 5% is set aside for mutual funds. The issuance aims to raise a total of Rs. 2 Arba.

  • “Nesdo Sambridha Laghubitta Proposes 15% Cash Dividend for FY 2078/79”

    “Nesdo Sambridha Laghubitta Proposes 15% Cash Dividend for FY 2078/79”


     

    Nesdo Sambridha Laghubitta Bittiya Sanstha Limited (NESDO) has suggested a 15% cash dividend for the fiscal year 2078/79. In their 78th meeting on Chaita 10, 2079, the company proposed a dividend of 73.6842%, combining bonus and cash dividends (including tax), using the accumulated profit from the previous financial year. However, Nepal Rastra Bank later approved a dividend of 17.9342% on Baisakh 04, 2080.