The Nepal Chamber of Commerce has announced that it will be hosting the Nepal Chamber Expo 2023 from Jestha 4 to 8, 2080 at Bhrikutimandap, Kathmandu. Over 150 stalls featuring a wide range of national and international manufacturers will be present at the event. Exhibits will include items such as automobiles, electrical and electronics, home appliances, fashion wear and accessories, garments and textiles, mobile and gadgets, fast-moving consumer goods, hydro, logistics, handicrafts and handlooms, shoes and leather items, cosmetics, and food and dairy products. These details were disclosed in a media statement.
Tag: its
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NMB Laghubitta convenes endorses 10% bonus shares for its shareholders
NMB Laghubitta has held its 10th Annual General Meeting (AGM) on April 28, 2023, chaired by Sanjib Subba. During the meeting, the shareholders approved a 10% bonus share dividend worth Rs. 6.55 crore for the previous fiscal year. Additionally, the AGM granted the board the authority to pursue any merger or acquisition opportunities with other suitable institutions in the future. A media statement confirmed the decisions made during the AGM.
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NIBL Ace Capital inks IPO Roadmap with Alliance Pharmaceuticals.
NIBL Ace Capital Limited has signed a Roadmap for an IPO agreement with Alliance Pharmaceuticals Pvt. Ltd. as part of its business consulting service.
The agreement was signed in the presence of Mr. Sunil Pradhan, Managing Director of Alliance Pharmaceuticals Pvt. Ltd., and Mr. Bhuwan Raj Panta, Head of Corporate Advisory Service of NIBL Ace Capital Limited by Mr. Sachindra Dhungana, Deputy General Manager of NIBL Ace Capital Limited, and Mr. Manohar Das Mool, Chairman of Alliance Pharmaceuticals P
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SEBON Approves 11% LBBL Debenture 2089; Bank Will Soon Issue 10 Lakh Unit Debentures
On Baisakh 10, 2080, the Securities Board of Nepal (SEBON) authorized the “11% LBBL Debenture 2089”.
Lumbini Bikas Bank Limited (LBBL) plans to issue 10 lakh unit debentures at Rs 1000 per unit. For a period of ten years, the bank will give an interest rate of 11% on the debenture.
Four hundred thousand units will be made available to the general public out of the total number of units available.
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The NEPSE Index Ends the Day with a 0.14% Gain; IPO Stock KDL Has Its First Red Day Ever
The NEPSE index closed at 1,888.32 today, up 2.71 points from the previous trading day’s close. This represents a 0.14% increase. Yesterday, the index fell 18.80 points.
Today, the index opened at 1,885.77 and closed at 1,875.14. In contrast, it reached a high of 1,891.87 before settling at 1,888.32.
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Chhyangdi Hydropower Company Approves 100% Right Shares Offering
Chhyangdi Hydropower Company Limited (CHL) has scheduled its 9th Annual General Meeting (AGM) for the 28th of Baisakh, 2080. The conference would begin at 11 a.m. that day in Agrawal Bhawan, Kamalpokhari, Kathmandu.
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From today, City Hotel Limited will close its initial public offering (IPO) for Nepalese working abroad.
City Hotel Limited is ending the issue of 1,67,400 unit shares of Rs 100 face value to Nepalese citizens working abroad today, on the 5th Baisakh, 2080. The issue debuted on Chaitra 21, 2079.
Similarly, on the 25th of Baisakh, 2080, the corporation would issue 13,55,940 unit shares with a face value of Rs 100 to the general public. This issue’s early closure date is on 28th Baisakh, and if it is not completely subscribed, it can be prolonged until 8th Jestha, 2080.
Out of the total 16,74,000 units, 10%, or 1,67,400 units, have been set aside for Nepalese residents working abroad, 4%, or 66,960 units, have been put aside for the company’s workers, and 5% of the total given have been set aside for the general public.
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Union Life Insurance Company requests that shareholders pay taxes on 8.97% bonus shares.
Union Life Insurance Company Limited (ULI) has requested its shareholders to pay the 8.97% bonus share tax.
On the 26th of Magh, 2079, the firm held its 5th AGM for the fiscal year 2077/78. The meeting approved 8.97% bonus shares worth Rs. 19,28,55,000 from the company’s paid-up capital of Rs. 2.15 Arba for the fiscal year 2077/78.
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On the 25th of Baisakh, Liberty Energy Company will hold its 11th, 12th, and 13th annual general meetings.
Liberty Energy Company Limited (LEC) has scheduled its 11th, 12th, and 13th Annual General Meetings on the 25th of Baisakh, 2080. The meeting would begin at 11 a.m. that day at Amritbhog Caterings in Kalikasthan, Kathmandu.
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The Makar Jitumaya Suri Hydropower IPO has concluded.
Makar Jitumaya Suri Hydropower Company Limited’s first public offering (IPO) was completed today at Prabhu Capital Limited in Kathmandu.
Makar Jitumaya Suri Hydropower Company Limited released 1,337,302 units worth Rs 13.37 crores to the general public as an Initial Public Offering (IPO) (Chaitra 19- 22, 2079).
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The Insurance Authority Issues Licenses to Two More Micro-Insurance Companies
The Nepal Insurance Authority has licensed two more microinsurance businesses.
At its meeting on Tuesday, the authority’s board of directors voted to provide licenses to two more micro insurance companies. The authorities have given licenses to Protective Micro Insurance Ltd Nepal and Crest Micro Life Insurance Ltd.
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GRDBL proposes a 4% dividend for fiscal year 2078/79.
For fiscal year 2078/79, Green Development Bank Limited (GRDBL) has proposed a 4% dividend.
The board of directors decided to distribute 3.80% bonus shares and 0.20% cash dividend (for tax purposes) from the paid-up capital at its 191st meeting on Chaitra 26. Because the company’s paid-up capital is Rs. 51.90 crores, the bonus shares are worth Rs. 1,97,22,000 and the cash dividend is worth Rs. 10,38,000.