Tag: exchange

  • Reliance Finance Limited’s 6.84% Bonus Shares Listed on NEPSE Following AGM

    Reliance Finance Limited’s 6.84% Bonus Shares Listed on NEPSE Following AGM


    A total of 684,454.11 units of bonus shares issued by Reliance Finance Limited (RLFL) have been officially listed on the Nepal Stock Exchange (NEPSE).

    This action follows RLFL’s 13th Annual General Meeting, which took place on the 31st of Ashad, where shareholders approved a dividend payout of 6.84% for the fiscal year 2078/79. The decision to distribute this dividend was made during a board of directors meeting held on Jestha 26. The dividend is based on the paid-up capital of the company, which stands at Rs. 1.05 Arba. The dividend includes 6.5% in bonus shares, valued at slightly over Rs. 6.84 crores, as well as 0.34% in cash dividend, which also accounts for taxes, amounting to Rs. 36.02 lakhs.

    These bonus shares have now been officially listed and are available for trading on the NEPSE. In the most recent trading session, RLFL concluded at a price of Rs. 311 per share.

  • “Infinity Laghubitta Bittiya Sanstha Limited (ILBS) Initiates Auction of Promoter Shares”

    “Infinity Laghubitta Bittiya Sanstha Limited (ILBS) Initiates Auction of Promoter Shares”


    The current promoters of Infinity Laghubitta Bittiya Sanstha Limited (ILBS) have initiated an auction of 99,372 shares, making them available to both existing promoter shareholders and the general public or institutions. This auction commenced on the 26th of Ashwin, 2080. Interested parties, including individuals and promoter shareholders, have a 15-day window to place their bids. It is important to note that all bids must be submitted at ILBS’s central office located in Gaidakot, Nawalparasi. The last traded price (LTP) for ILBS as of now is Rs. 622.

    In addition to the aforementioned auction, ILBS’s promoters are also offering 66,962 shares exclusively for existing promoter shareholders. This auction, like the previous one, began on the 26th of Ashwin, 2080. Existing promoter shareholders who wish to participate in the auction have the opportunity to do so. However, if no bids are received from the existing founder shareholders during the specified timeframe, these shares will later become open for auction to the general public. Interested investors who fall into this category should ensure that their bids are submitted at ILBS’s central office in Gaidakot, Nawalparasi within 35 days from the date of the notice’s publication. As of September 25, 2023, ILBSP has an LTP of Rs. 380.

  • NEPSE Index Sees Substantial Weekly Loss with Notable Intraday Volatility

    NEPSE Index Sees Substantial Weekly Loss with Notable Intraday Volatility


    The NEPSE index concluded the week at a closing value of 1,874.60, marking a significant decline of 82.32 points, equivalent to 4.21%. In comparison, the index had finished at 1,956.92 the prior week, experiencing a loss of 2.36% from the week before.

    Throughout the current week, the NEPSE index displayed a range of fluctuations, reaching its peak at 1,963.80 and hitting its lowest point at 1,870.26. This translated to a considerable level of volatility, with a total range of 93.54 points. The previous week, in contrast, saw a lesser degree of volatility, with fluctuations amounting to 47.66 points.

    On the first trading day of the week, Sunday, the NEPSE index recorded its most substantial intraday loss, with a drop of 35.68 points. The total turnover for that day reached Rs 1.80 Arba. Nevertheless, the cumulative turnover for the entire week stood at a significantly higher figure of Rs 7.04 Arba.

  • Citizens Capital Distributes 8% Cash Dividend to ‘Citizens Mutual Fund-2’ Unit Holders

    Citizens Capital Distributes 8% Cash Dividend to ‘Citizens Mutual Fund-2’ Unit Holders


    Citizens Capital Limited has provided an 8% cash dividend to the unit holders of “Citizens Mutual Fund – 2 (CMF2)” directly to their bank accounts, along with encouraging them to convert their physical shares into electronic format.

    For the last fiscal year, 2079/2080, the fund declared an 8% return and closed its books on Bhadra 19 to facilitate cash dividend distribution. Starting from the 8th of Ashwin, 2080, the fund initiated the process of depositing these returns into the beneficiary accounts of the unit holders.

    Additionally, the company is making a request to unit holders, particularly those who haven’t updated their bank information within their Demat accounts, to consider dematerializing their shares.

     

  • Sunrise Capital Distributes Cash Dividend to ‘Sunrise First Mutual Fund’ Unit Holders

    Sunrise Capital Distributes Cash Dividend to ‘Sunrise First Mutual Fund’ Unit Holders


    Sunrise Capital Limited is delivering a 16% cash dividend for “Sunrise First Mutual Fund” directly to the bank accounts of its unit holders. They have encouraged unit holders to convert their physical shares to electronic format.

    The fund had previously declared a 16% return for the fiscal year 2079/2080. Starting from the 26th of Ashwin, 2080, the fund will credit this return to the beneficiary accounts of the unit holders.

    Furthermore, the company is urging unit holders, especially those who haven’t updated their bank information in their Demat accounts, to dematerialize their shares.

     

  • 1.12 Crore Promoter Shares of Machhapuchchhre Bank Up for Auction Today

    1.12 Crore Promoter Shares of Machhapuchchhre Bank Up for Auction Today


     

    The current promoters of Machhapuchchhre Bank Limited (MBL) are conducting an auction for 1,12,32,492 units of their shares, exclusively available to other promoter shareholders. The bidding window will remain open for 35 days from the notice publication date, which is the 25th of Ashwin, 2080. Interested shareholders can place their bids at Machhapuchchhre Capital Limited, situated in Baghdurbar, JDA Complex, Kathmandu.

    MBL’s closing price on the previous day was Rs. 205.00.

     

  • NRB Employee Union Hosts Futsal Tournament for BFIs in Gandaki Province

    NRB Employee Union Hosts Futsal Tournament for BFIs in Gandaki Province


    The Nepal Rastra Bank Employee Union Gandaki chapter is hosting a futsal tournament for banks and financial institutions in the Gandaki province. This event, as mentioned in their media statement, will feature 32 male teams and 16 female teams. The tournament is scheduled to take place on Ashoj 26 and 27, 2080.

     

  • NEPSE Drops 20.16 Points on Last Trading Day of the Week, Laxmi Sunrise Promoter Shares Witness High Turnover

    NEPSE Drops 20.16 Points on Last Trading Day of the Week, Laxmi Sunrise Promoter Shares Witness High Turnover


     

    In today’s trading, the Nepal Stock Exchange (NEPSE) Index concluded at 1,874.60 points, marking a significant loss of 20.16 points or 1.06% compared to the previous day’s close, which had seen a gain of 5.16 points. The trading day began with the index opening at 1,895.28, reaching its lowest point at 1,870.19, and peaking at 1,897.60.

    During today’s trading, there were 292 different stocks involved in 62,046 transactions. The total volume of shares traded amounted to 7,558,542 units, with a total turnover of Rs. 1.70 Arba. The market capitalization stood at Rs. 28.72 Kharba, and the float market capitalization was Rs. 10.06 Kharba.

     

  • Nearly 19% of Machhapuchchhre Bank Promoter Shares Up for Auction Today

    Nearly 19% of Machhapuchchhre Bank Promoter Shares Up for Auction Today


    The promoter of Machhapuchchhre Bank Limited (MBL) is putting up 1,12,32,492 shares for auction to fellow promoters. This amounts to around 18.95% of all promoter shares or 51% of ownership. With a total of 11.62 Crore shares listed on the Nepal Stock Exchange (NEPSE), the auctioned shares represent about 9.66% of all shares. This move is expected to draw investor interest and could potentially change MBL’s ownership structure.

     

  • Sonapur Minerals and Oil Limited IPO Allotment: 10 Units for 10,40,770 Applicants, 8,638 Go Empty-Handed

    Sonapur Minerals and Oil Limited IPO Allotment: 10 Units for 10,40,770 Applicants, 8,638 Go Empty-Handed


    Sonapur Minerals and Oil Limited made an initial offering of 97,32,544 IPO shares with a par value of Rs 100 to the general public from Asoj 14 to Ashwin 18, 2080. Prior to this, the company had issued 15,37,525 shares to locals affected by the project in Dang and Rolpa District, with only 1,34,520 units allocated to valid applicants. As a result, the remaining 14,03,005 units of unsubscribed shares from the project-affected locals have been combined with 1,07,62,675 units (which represents 35% of the issued capital reserved for the general public), resulting in a total of 12,165,680 units now available for the general public.

     

  • Final Day to Claim Cash Dividend from Global IME Balance Fund I (GIBF1) – Act Now!

    Final Day to Claim Cash Dividend from Global IME Balance Fund I (GIBF1) – Act Now!


    Today marks the final opportunity for investors to claim the cash dividend offered by Global IME Capital’s mutual fund scheme. The book closure date is set for the 25th of Ashwin, and anyone who held units in the scheme until today is eligible for the dividend payout.

    During the 165th board meeting of Global IME Capital Limited held on Ashwin 15, a decision was made to allocate a 5% cash dividend, totaling Rs. 5.12 Crores, to the unitholders of Global IME Balance Fund I (GIBF1) for the fiscal year 2079/80.

    Global IME Balance Fund I (GIBF1) is a closed-end fund sponsored by Global IME Bank and managed by Global IME Capital. It has a maturity period of 10 years and boasts a fund size of Rs. 1.02 Arba. As of the end of Bhadra, its Net Asset Value (NAV) stands at Rs. 9.76.

     

  • SHINE Bank Proposes 11.05% Dividend for Fiscal Year 2079/80

    SHINE Bank Proposes 11.05% Dividend for Fiscal Year 2079/80


    Shine Resunga Development Bank Limited (SHINE) has put forth a dividend proposal of 11.05% for the fiscal year 2079/80. During the bank’s 280th board meeting on 23rd Ashwin 2080, this dividend plan was outlined, which pertains to the paid-up capital of the bank, amounting to Rs. 4.28 Arba. The proposal includes 10.5% bonus shares valued at Rs. 44.98 crores and a 0.55% cash dividend (inclusive of tax) totaling Rs. 2.36 crores.

    The final approval of this decision rests with the Nepal Rastra Bank, and it will subsequently be confirmed in the Annual General Meeting (AGM) of the company.