Tag: exchange

  • “NEPSE Drops to 1900, KBSH Positive Circuit on Debut”

    “NEPSE Drops to 1900, KBSH Positive Circuit on Debut”


     

    In today’s trading, the Nepal Stock Exchange (NEPSE) Index ended at 1,998.28 points, dropping by 12.93 points or 0.64% from yesterday’s close. The index had also seen a loss of 21.99 points in the previous session.

    The trading began with the index starting at 2,012.46 and hitting a high of 2,019.51 during the day. However, it went down to a low of 1,991.81 before settling at 1,998.28 at the close.

    Throughout the day, there were 272 different stocks traded in 39,425 transactions. A significant number of shares, totaling 4,163,872, were exchanged, resulting in a turnover of Rs. 1.40 Arba. The overall market capitalization was Rs. 29.90 Kharba, while the floating market capitalization was Rs. 10.52 Kharba.

  • “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.

     

  • “Prabhu Capital Partners with Total Physical Fitness Centre to Offer 28% Discount to Demat Holders”

    “Prabhu Capital Partners with Total Physical Fitness Centre to Offer 28% Discount to Demat Holders”


     

    Prabhu Capital has entered into an agreement with Total Physical Fitness Centre to offer customers a 28% discount and a complimentary sauna coupon. This exclusive deal can be accessed by clients of the merchant bank by providing their demat service number. The Memorandum of Understanding (MoU) was formalized during a ceremony, involving Prabhu Capital’s CEO Mr. Aasis Gauchan and Total Physical Fitness Centre’s MD Mr. Suman Pandit, according to a media statement.

  • “NEPSE Drops 21.99 Points to 2011.14; Market Capitalization at Rs. 30.10 Kharba”

    “NEPSE Drops 21.99 Points to 2011.14; Market Capitalization at Rs. 30.10 Kharba”


     

    In today’s trading, the Nepal Stock Exchange (NEPSE) Index ended at 2,011.14 points, dropping by 1.08% compared to yesterday. It started at 2,033.2 and reached a high of 2,034.88, but went down to 2,008.03 before settling at the closing value.

    During the trading session, 269 stocks were traded in 43,591 transactions, with a significant total share volume of 4,459,459, equivalent to Rs. 1.44 Arba. The market’s capitalization was Rs. 30.10 Kharba, and the floating market capitalization was Rs. 10.63 Kharba.

     

  • “Lucky 2,27,662 Applicants Secure 10 Units Each in Manakamana Engineering Hydropower IPO Allotment”

    “Lucky 2,27,662 Applicants Secure 10 Units Each in Manakamana Engineering Hydropower IPO Allotment”


     

    The allocation of IPO shares for Manakamana Engineering Hydropower Limited has been completed today at the B.O.K Capital Markets Limited premises in Kathmandu. The hydropower company offered 2,276,620 shares at a face value of Rs 100 each to the public for subscription from the 28th to the 31st of Shrawan, 2080.

    Initially, the company had issued 800,000 shares worth Rs. 8 crores to people affected by the project in Dolakha District. However, only 183,380 shares, which accounts for 22.92%, were allotted to eligible applicants. As a result, the remaining 616,620 unsold shares from the project-affected locals’ quota have been combined with 2,000,000 shares (25% of the total issued capital, reserved for the general public), resulting in a total of 2,616,620 shares available for the general public.

     

  • “Garima Bikas Bank Introduces 11.99% Fixed Interest Home and SME Loans”

    “Garima Bikas Bank Introduces 11.99% Fixed Interest Home and SME Loans”


     

     

    Garima Bikas Bank has introduced two new loan programs: Garima Easy Home and SME loans, both with a competitive interest rate of 11.99%. Borrowers can benefit from a fixed interest rate of 11.99% over a seven-year term under these new schemes.

    The bank’s extensive network consists of 121 branches and 50 ATM outlets, providing convenient access to its services.

  • “SEBON Grants Licenses to Five New Brokerage Firms”

    “SEBON Grants Licenses to Five New Brokerage Firms”


     

    The Securities Board of Nepal (SEBON) has recently approved licenses for five new brokerage firms. Sajilo Broker Company Ltd, Roadshow Securities Ltd, and Beni Securities Pvt. Ltd have been granted licenses for limited stock broking services, while Himalayan Securities Ltd and Sunny Securities Company Ltd. have been approved as full operating brokerage service providers. These licenses were awarded based on the evaluation of meeting required infrastructure criteria. Earlier, SEBON had issued preliminary licenses or letters of intent to 43 companies in three separate phases.

     

  • “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.

     

  • “SEED Energy Joins Forces with NMB Capital for IPO Advisory”

    “SEED Energy Joins Forces with NMB Capital for IPO Advisory”


     

    SEED Energy Limited, a company supported by SEED Investment Private Limited, has joined forces with Nepal’s renowned merchant bank, NMB Capital Limited. This exciting collaboration marks a significant step as SEED Energy gets ready to introduce its ordinary shares to the public through an Initial Public Offering (IPO). This move is part of SEED Energy’s expansion into diverse economic sectors, including Hydropower, Infrastructure Manufacturing, and Hotels.

    Mr. Pankaj Chandra Shrestha, Chairman of SEED Energy, expressed his enthusiasm, stating, “We’re excited to share that SEED Energy is gearing up for an IPO of its ordinary shares, and we’re delighted to partner with NMB Capital as our trusted advisor for the IPO process. NMB Capital’s expertise will greatly assist us as we journey toward this important milestone. This collaboration underscores our commitment to delivering value to all our stakeholders.”

     

  • “Nepal’s 2022/23 Macroeconomic and Financial Report Released by Central Bank”

    “Nepal’s 2022/23 Macroeconomic and Financial Report Released by Central Bank”


     

    Nepal Rastra Bank has reported that inflation was around 7.74 percent year-on-year. The country’s foreign exchange reserves were at USD 11.74 billion. However, both imports and exports saw declines, with imports dropping by 16.1 percent and exports decreasing by 21.4 percent. This is in contrast to the previous year when imports had increased by 24.7 percent and exports had risen by 41.7 percent.

    In terms of loans, an amount of Rs. 197.06 billion was given out to 145,778 borrowers in mid-July 2023. Among these borrowers, Rs. 135.76 billion was provided to 60,350 individuals involved in commercial agriculture and livestock businesses. Additionally, Rs. 58.38 billion was extended to support 82,718 women entrepreneurs. The remaining Rs. 2.91 billion was allocated to 2,710 borrowers falling under other categories of concessional loans.

     

  • “Upper Tamakoshi Hydropower’s Offer Letter Released for Right Shares Issue Opening on Bhadra 18”

    “Upper Tamakoshi Hydropower’s Offer Letter Released for Right Shares Issue Opening on Bhadra 18”


     

    Upper Tamakoshi Hydropower Limited has released an offer letter to introduce its 100% rights shares. As per the publicly disclosed offer letter, the company plans to accept applications for these right shares at a 1:1 ratio, or 100%, from the 18th of Bhadra to the 7th of Ashwin, 2080.

    The hydropower firm intends to distribute 105,900,000 units of right shares, totaling Rs. 10.59 Arba, to its existing shareholders. This issuance will lead to a subsequent increase in the company’s paid-up capital to Rs. 21.18 Arba following the adjustment of the proposed right shares.

     

  • “CASBA/Meroshare Settlements Impacted by Technical Issue”

    “CASBA/Meroshare Settlements Impacted by Technical Issue”


     

    A recent technical issue has temporarily affected the CASBA/Meroshare application’s settlement procedures. This problem has caused delays in the settlement processes. The team is actively working to fix the issue, and further information will be provided once the matter is resolved.