The first eight months of Nepal’s fiscal year 2079/80’s foreign trade statistics have been released. According to government data released on Wednesday, Nepal’s trade deficit fell by 17.86 percent to Rs. 9.53 Kharba from Rs. 11.60 Kharba the previous year.
The trade deficit is the amount by which a country’s imports cost more than its exports.
One of the major causes of the national economy’s downturn is the trade deficit. Nepal has been experiencing an imbalance in import and export factors.
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.
The Securities Exchange Board of Nepal (SEBON) has added Api Power Company Limited (API) right shares to its preliminary review pipeline.
The hydropower company intends to issue 40% right shares worth Rs. 1.65 Arba to its existing shareholders in the form of 16,533,137 (1:0.40) units of right shares. API’s current paid-up capital, after adjusting for 7.5% bonus shares, is Rs. 4.13 Arba. As a result, following the issuance of the right share in the ratio of 1:0.40, the company’s paid-up capital will be increased to Rs. 5.78 Arba.
The NEPSE index closed at 1,933.29 today, down 15.76 points from the previous trading day’s close. This represents a 0.81% decrease. This Monday, the index rose 22.65 points.
The index opened today at 1,952.19 and reached an intraday high of 1,962.94. In contrast, it dropped as low as 1,929.49 before closing at 1,933.29.
Through 30,485 transactions, 266 scrips changed hands. A total of 3,777,400 shares were traded, totaling Rs. 1.333 Arba in turnover. This is more than the previous day’s turnover of Rs. 1.298 Arba.
Shine Resunga Development Bank Ltd (SHINE) has launched 50,28,741.99 unit bonus shares on NEPSE.
On the 25th Poush, the firm held its 14th AGM and approved a 14% dividend for fiscal year 2078/79. On the 7th of Mangsir 2079, the 266th meeting of the board of directors suggested a 14% dividend from the paid-up capital. The bank has a paid-up capital of Rs. 3.78 Arba. There was a proposal for 13.3% bonus shares worth Rs. 50.28 crores and a 0.7% cash dividend (including tax) of Rs 2.64 crores.
Today, SHINE finished at Rs. 335.90.
Himalayan Reinsurance Limited reported a net profit of Rs. 4.63 crores for the fiscal year 2079/2080’s second quarter. The company’s net profit fell by 62.83% in the second quarter.
In this quarter, the company’s paid-up capital was Rs. 7 Arba, while its reserve and surplus were Rs. 17.7 Crores.
This quarter, the company earned Rs. 8.52 crores from investments, loans, and other sources.
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.
The NEPSE index closed at 1,949.06 today, up 22.65 points from the previous trading day’s close. This represents a 1.18% increase. Yesterday, the index fell 6.90 points.
Today, the index opened at 1,926.28 and closed at 1,925.41. In contrast, it reached a high of 1,949.17 before settling at 1,949.06.
Bindhyabasini Hydropower Development Company Ltd (BHDC) has launched 5,00,000 units of bonus shares on NEPSE.
On 22nd Poush, the business had its 6th AGM and approved a 5.02632% dividend for fiscal year 2078/79. The board of directors resolved to issue the dividend on the paid-up capital of Rs. 1 Arba at its meeting on Mangsir 29. A 5% bonus share and a cash dividend of 0.02632% (for bonus share tax purposes) were proposed. NEPSE now lists the same bonus shares.
The NEPSE index finished at 1,926.40 today, down 6.90 points from the previous trading day’s close. This is a 0.36% decrease. Last Thursday, the index fell 5.32 points.
The index began at 1,933.23 and reached an intraday high of 1,939.43 today. In contrast, it dropped as low as 1,922.22 before closing at 1,926.40.
Through 30,775 transactions, 259 scrips changed hands. A total of 3,163,389 shares were traded, totaling Rs. 1.069 Arba in turnover. This is less than the previous day’s turnover of Rs. 1.14 Arba.