Aviyan Laghubitta Bittiya Sanstha Limited (AVYAN) has announced that it will not pay dividends in fiscal year 2078/79.
The AVYAN Board of Directors decided on Chaitra 06, 2079, that no dividends will be paid for fiscal year 2078/79. The financial statements, however, are subject to approval by Nepal Rastra Bank and the company’s upcoming Annual General Meeting.
On Monday, the last trading price of AVYAN was Rs 65
From today, 9th Chaitra, 2079, Mai Khola Hydropower Limited will close the issue of its IPO to Nepalese citizens working abroad and project-affected locals of Ilam District. The problem had begun on the 25th of Falgun, 2079.
The company’s issued capital is Rs. 39.21 crores, of which 10%, or 392,157 unit shares worth Rs. 3.92 crores, have been allocated to project-affected locals in the Ilam District. Meanwhile, 39% of the company’s issued capital, or 15,29,411 unit shares, will be made available to the general public later. This public issue, which will close today, has allocated 10% of the shares totaling 152,941 units to Nepalese citizens working abr
Today is the last day to receive a dividend of 15.7895% proposed by Janautthan Samudayic Laghubitta Bittiya Sanstha Limited (JSLBB).
The company has scheduled its 12th Annual General Meeting for Chaitra 26th, 2079. The meeting will begin at 11 a.m. that day at the Hotel New Era in Butwal.
Among the other items on the agenda, the AGM will approve a 15.7895% dividend of Rs. 2.33 crores for fiscal year 2078/79. The board of directors decided on March 29 to distribute 15% bonus shares and 0.7895% cash dividend from the paid-up capital of Rs. 14.79 crores. As a result, the bonus shares are worth slightly more than Rs. 2.21 crore, a
Menchhiyam Hydropower Limited has completed the distribution of 5,42,583 units of IPO shares to project-affected locals today, 9th Chaitra, 2079. The problem had begun on the 10th of Falgun, 2079.
The company’s issued capital is Rs. 54.25 crores, of which 10%, or 5,42,583 unit shares worth Rs. 5.42 crores, have been allocated to project-affected Sankhuwasabha District residents. Meanwhile, 20% of the company’s issued capital, or 10,85,167 unit shares, will be made available to the general public later. This public issue, which closed on the 25th of Falgun, allocated 10% of the shares totaling 108,517 units shares to Nepalese citizens wo
Sagarmatha Jalbidhyut Company Limited is launching an Initial Public Offering (IPO) of 35,81,760 unit shares to the general public today, 8th Chaitra, 2079. This issue’s early closing date is on the 12th Chaitra, and if it is not fully subscribed, it can be extended until the 22nd Chaitra, 2079.
Out of the total 43,68,000 units, 10%, or 436,800 units, have already been issued and allotted to Nepalese citizens working abroad, 5%, or 218,400 units, have been set aside for mutual funds, and 3%, or 131,040 units, have been set aside for company employees. The remaining 35,81,760 units will be available to the general public. The company’s pai
An initial public offering is the process by which a privately held company becomes a publicly traded company by selling its stock to the general public (IPO). An IPO allows a company to raise funds by selling ownership stakes to a diverse group of investors. It is a method for businesses to obtain public funding in order to support operations or grow.
A company that wants to go public typically hires an investment bank to handle the IPO. The investment bank and the company will work together to determine the appropriate stock price and quantity to be distributed. Following that, the company will file a registration statement with the Securities and Exchange Commission (SEC) detailing its finances and other information.
Kalinchowk Darshan Limited’s IPO shares of 60,00,000 units have been listed on NEPSE. This includes promoter shares as well as shares issued to the general public and project-affected locals.
The initial transaction price range is Rs. 78.15 to Rs. 234.45. If the company signs the agreement with NEPSE, the IPO shares will trade in the secondary market the following day.
NEPSE has listed 10 million unit IPO shares of Maya Khola Hydropower Company Limited. This includes promoter shares as well as shares issued to the general public and project-affected locals.
The initial transaction price range is Rs. 88.53 to Rs. 265.59. If the company signs the agreement with NEPSE, the IPO shares will trade in the secondary market the following day.
IME General Insurance Limited (IGI) and Prudential Insurance Company Limited (PICL) sign a merger agreement, and the two companies will be combined using a 1: 1 swap ratio.
IME General Insurance Limited (IGI) and Prudential Insurance Company Limited (PICL) reached an agreement for the merger during a meeting of the Board of Directors on Sunday, Chaitra 5, 2079.
Citizen Life Insurance Company Limited’s Initial Public Offering (IPO) has been added to SEBON’s IPO pipeline for approval.
The company intends to distribute 11,250,000 unit shares to employees and the general public. Employees will be issued shares at a par value of Rs. 100, while the general public will be issued shares at a price of Rs. 290 per share (Rs 100 face value + Rs 190 premium price). The company will raise a total of Rs. 3,155,625,000 through the IPO.
Vijaya Laghubitta Bittiya Sanstha Limited (VLBS) has scheduled its 10th Annual General Meeting for the 28th Chaitra, 2079. The meeting will begin at 11:30 a.m. in Bijaya Bikas Srot Kendra, Gaidakot, Nawalparasi.
Among the other items on the agenda, the AGM will approve a 21.0526% dividend of Rs. 6.73 crores for fiscal year 2078/79. On March 10, the board of directors decided to distribute the dividend on the paid-up capital of Rs. 32 crores. The proposal is for 20% bonus shares worth Rs. 6.40 crores and 1.0526% cash dividend (for tax purposes) worth slightly more than Rs. 33.68 lakhs. The meeting will consider converting a maximum of 10% of the promoter shares to public shares so that the company’s promoter shares do not expire.
Gold prices are once again making news, since the value of gold reached an all-time high on March 19, 2023, i.e. today. Today’s gain is the consequence of a Rs. 2900 one-day increase from yesterday’s pricing.
According to the Federation of Nepal Gold and Silver Dealers’ Association’s official website, fine gold is now trading at Rs. 110,000 per tola. Yesterday, the tariff remained unchanged at Rs. 107,100 per tola. Meanwhile, Tejabi gold is currently trading at Rs. 109500. In contrast, the cost was kept at Rs. 106,600 per tola yesterday.
In the last 10 days, the price of gold has climbed by Rs. 9500 per tola. Gold was priced at Rs 1,00,500 per tola on March 9, 2023.