Tag: Gen

  • 11.25% Global IME Bank Debenture 2084 is available for purchase beginning on March 29.

    11.25% Global IME Bank Debenture 2084 is available for purchase beginning on March 29.


    Global IME Bank Limited has opened public issue of 50 lakh units’ worth of ‘11.25% Global IME Bank Debenture 2084’ from Magh 29, 2079. The issue will conclude on  Falgun 3, 2079 at the earliest and by Falgun 14, 2079 at the latest.

    The par value of the debenture is NRs. 1,000 per unit. From the total 50 lakh units of ‘11.25% Global IME Bank Debenture 2084’, 30 lakh units are allocated for subscription via private placement and 20 lakh units are for the general public, including a 5% quota for mutual funds.

     

  • Civil Laghubitta Holds AGM on February 29 to Approve 11.58% Dividend;

    Civil Laghubitta Holds AGM on February 29 to Approve 11.58% Dividend;


    Civil Laghubitta Bittiya Sanstha Limited (CLBSL) has called its 11th AGM on 29th Falgun, 2079. The meeting will be held in Bougainvilla Events, Tripureshwor-11, Kathmandu, starting from 11 AM that day.

    Among the other agendas, the AGM will endorse an 11.58% dividend for the fiscal year 2078/79. The board of directors meeting decided to distribute the dividend on the paid-up capital of Rs. 28.81 Crores11% bonus shares and 0.58% cash dividend (for tax purposes) have been proposed by the company. Thus, the bonus shares are worth slightly over Rs. 3.16 crores and the cash dividend is worth slightly over Rs. 16.68 lakhs. The meeting will also elect an independent director and convert the promoter to public shareholding ratio from 60: 40 to 51:49.

     

  • NLG Insurance reports a decrease in business volume and profitability in the second quarter.

    NLG Insurance reports a decrease in business volume and profitability in the second quarter.


     

    NLG Insurance Company Limited (NLG) has released its second-quarter report for fiscal year 1979/80. The company reported a net profit of Rs 10.6 crore, compared to a net profit of Rs 11.4 crore in the same quarter last year. This quarter, NLG’s net profit increased by 3.63%.

    The company’s paid-up capital is Rs.1.32 arba, which is a 10% increase over the previous year. The reserves and surplus were Rs 34.16 crore as compared to Rs 36.59 crore in the previous quarter. The company’s insurance fund is worth Rs. 1.20 Arba, and the contingent fund is worth Rs. 6.2 Crores.

     

  • Prabhu Insurance Company Will Hold An AGM On February 23rd; The Company Will Endorse 7.05%

    Prabhu Insurance Company Will Hold An AGM On February 23rd; The Company Will Endorse 7.05%


     

    Prabhu Insurance Company Limited (PRIN) has called its 27th AGM on 23rd Falgun, 2079. The meeting will be held in the company’s head office located at Tinkune, Kathmandu, starting at 11 AM that day.

    Among the other agendas, the AGM will endorse a 7.05% dividend for the fiscal year 2078/79. The 414th meeting of the board of directors held on Poush 24 decided to distribute the dividend on the paid-up capital of Rs. 1.28 Arba. 6.70% bonus shares worth Rs 8.64 crores and 0.35% cash dividend (for tax) worth slightly over Rs 45.47 lakhs have been proposed.

     

  • Employed Abroad; Deadline Extended for Project Affected Locals Till Falgun 15

    Employed Abroad; Deadline Extended for Project Affected Locals Till Falgun 15


    Makar Jitumaya Suri Hydropower Company Limited is closing the issue of its IPO to the Nepalese citizens working abroad from today i.e. on 29th Magh and has extended the IPO issue deadline for project-affected locals till 15th Falgun, 2079. The issue had opened on 15th Magh, 2079.

    The issued capital of the company is Rs. 76 Crores of which 10% i.e. 7,60,000 unit shares worth Rs. 7.6 crores have been allocated to project-affected locals of Dolakha District. Meanwhile, 20% of the company’s issued capital i.e. 15,20,000 unit shares will be issued later for the general public. Of this public issue, 10% of the shares totaling 152,000 units shares have been allocated for Nepalese citizens working abroad, the issue of which will close today.

     

  • National Life Insurance’s net profit increases by an astounding 57.70%.

    National Life Insurance’s net profit increases by an astounding 57.70%.


    National Life Insurance Company Limited (NLICL) has released its second-quarter report for fiscal year 2079/2080, showing a 57.70% increase in Net Profit compared to the previous year’s equivalent period. The net profit of the firm climbed to Rs. 22.73 crores in this quarter from Rs. 14.41 crores in the previous quarter.

    National Life has a paid-up capital of Rs. 4.64 Arba and a reserve of Rs. 26.65 crores, according to the unaudited report for the second quarter issued today.

    The corporation has a life insurance policy worth Rs. 56.15 Arba and a contingency fund worth Rs. 37.20 crores.

    The Net Premium increased by 10.84% to Rs. 7.53 Arba in FY 2079/2080 from Rs. 6.79 Arba in the previous year’s equivalent quarter. The firm earned Rs. 2.12 arba through investment, loans, and other sources. NLICL reports a write-back for potential losses of Rs. 70.53 Lakh for this period.

  • Mountain Energy Nepal Reports Net Profit of Rs 35.55 Crores for Q2

    Mountain Energy Nepal Reports Net Profit of Rs 35.55 Crores for Q2


    Mountain Energy Nepal Ltd reported a profit (after tax) of Rs. 35.55 crores in the second quarter. Profit decreased by 16.52% in this quarter. The profit in the previous corresponding quarter was Rs. 42.63 crores. Tadi Khola (5 MW) and Mistri Khola (42 MW) generate revenue from electricity sales, which are invoiced to Nepal Electricity Authority under the terms of the PPA until Poush end 2079.

     

  • Union Life Insurance convenes its 5th AGM; endorses 8.97% bonus shares

    Union Life Insurance convenes its 5th AGM; endorses 8.97% bonus shares


    Union Life Insurance Company held its 5th Annual General Meeting (AGM) for the fiscal year 2077-78 on Magh 26, 2079, under the leadership of its Board of Directors, Mr. Sandeep Kumar Agrawal. According to the media statement, the AGM approved the financial reports for the previous fiscal year and decided on the remuneration of its auditor as well as the meeting allowances for its BoDs.

     

  • Asian Hydropower Opening Issue of 697,200 Unit IPO Shares to General Public from Today

    Asian Hydropower Opening Issue of 697,200 Unit IPO Shares to General Public from Today


    Asian Hydropower Limited will issue 6,97,200 unit shares with a face value of Rs 100 starting today, March 27th, 2079. The company expects to earn Rs 6.97 crore from this IPO. This issue’s early closing date is Falgun 2, 2079, and if it is not fully subscribed, it can be extended until Falgun 12, 2079. Out of the total 840,000 units, 10%, or 84,000 units, have already been issued and allotted to Nepalese citizens working abroad, 2%, or 16,800 units, have been set aside for the company’s employees, and 5%, or 42,000 units, have been set aside for mutual funds. The remaining 6,97,200 units will be available to the general public.

     

  • Reminder! Last Day to Grab Dividend Proposed by SIC, LGIL and JBBL

    Reminder! Last Day to Grab Dividend Proposed by SIC, LGIL and JBBL


    The proposed dividends from Sagarmatha Insurance Company Limited (SIC), Lumbini General Insurance Limited (LGIL), and Jyoti Bikas Bank Limited are only available through today (JBBL).

     

    On Falgun 11, 2079, Sagarmatha Insurance Company Limited (SIC) has scheduled its 26th Annual General Meeting. 
    Starting at 10 AM, a meeting will take place in Lainchaur Banquet, Lainchaur.

    Today is the last day to grab dividends proposed by Sagarmatha Insurance Company Limited (SIC), Lumbini General Insurance Limited (LGIL), and Jyoti Bikas Bank Limited (JBBL).

     

  • Visiting USAID representative Power meets with Finance Minister Paudel

    Visiting USAID representative Power meets with Finance Minister Paudel


    Visiting Administrator of the United States Agency for International Development (USAID), Samantha Power, met with Finance Minister Bishnu Prasad Paudel at the latter’s office  in Singha Durbar today. The meeting touched on an array of subjects including the bilateral relations between Nepal and the US, it has been said.

    On the occasion, Minister Paudel said Nepal for the first time got foreign assistances after signing the point for programme in 1951, and the development partnership between the two countries reached a new height so far since. He also recalled the 75th anniversary of the bilateral relations between the two countries last year.

     

  • Shuvam Power’s first public offering allocation will end tomorrow morning; 48,188 lucky applicants will receive 10 units each.

    Shuvam Power’s first public offering allocation will end tomorrow morning; 48,188 lucky applicants will receive 10 units each.


    Tomorrow morning, or on Magh 27, 2079, Shuvam Power Limited’s (SHUVAM) initial public offering (IPO) will take place. On the property of the issue manager, Muktinath Capital Limited, in Naxal, the allotment program will take place.

    From the 18th Magh to the 22nd Magh, the company distributed 481,882 units of shares with a face value of 100 rupees to the general public as part of an IPO. 10%, or 58,058 units, of the total 580,580 units have already been allocated to Nepalese people living and working overseas. 2%, or 11,610 units, were set aside for firm workers. 5%, or 29,030 units, of the total offered shares were reserved for mutual funds. 481,882 more units were produced for the