Tag: Limited

  • Barahi Hydropower Receives Final Approval for 1:1 Right Share Issuance to Fund Key Projects

    Barahi Hydropower Receives Final Approval for 1:1 Right Share Issuance to Fund Key Projects


    The final approval from the Electricity Regulatory Commission has been granted to Barahi Hydropower Public Limited (BHPL) for the issuance of right shares in a 1:1 ratio for its shareholders. The hydropower company had proposed to issue 100% right shares based on its paid-up capital of Rs. 25 Crores. Following the adjustment of the proposed right shares, totaling 2,500,000 units, the company’s paid-up capital is set to double to Rs. 50 Crores.

    The primary purpose behind the issuance of these right shares is to fund the construction of two hydropower projects owned by BHPL – the Simkosh Khola Hydroelectric Project (3.45 MW) and Lower Theule Khola Hydropower Project (0.75 MW).

    It’s important to note that the company will proceed with the issuance of right shares to its shareholders only upon receiving approval from the Securities Board of Nepal (SEBON). As of the latest update, BHPL closed at Rs. 479.00.

  • Hathway Investment Nepal Limited to Conclude Lock-In Period for 36,512 Mutual Fund Shares on March 1, 2080

    Hathway Investment Nepal Limited to Conclude Lock-In Period for 36,512 Mutual Fund Shares on March 1, 2080


    Hathway Investment Nepal Limited (HATHY) has notified its investors and stakeholders regarding the impending expiration of the lock-in period for 36,512 unit shares held by Mutual Funds. The Securities Board of Nepal (SEBON) has directed that this lock-in period will conclude on 1st Chaitra, 2080.

    HATHY, with a total of 25,740,000 units of shares listed on the Nepal Stock Exchange (NEPSE), had allocated 5 percent of 29,25,000 shares exclusively for Mutual Funds, resulting in the issuance of 146,250 unit shares. However, only 36,512 units are currently subject to the lock-in period.

    In compliance with SEBON’s directives issued on Mangsir 25, a portion of these shares, precisely 36,512 units, were placed under a lock-in period. Stakeholders and investors are now informed that the lock-in period for these 36,512 unit shares concluded on Chaitra 1.

    The closing market price for HATHY stood at Rs. 863.90 as of the previous trading day.

  • Pashupati Renewables AGM Agenda: IPO Issuance to Public

    Pashupati Renewables AGM Agenda: IPO Issuance to Public


    Pashupati Renewables Ltd. focuses on developing hydro and solar power projects in Nepal, prioritizing organized, organic, and sustainable approaches. The team consists of internationally trained professionals in engineering, economics, business, and management, with a history of contributing to hydro projects globally. The company upholds transparent, clean, and ethical business practices, advocating for projects like small and medium hydropower, pre-fab concrete, and grid solar in Nepal. Led by experienced leaders, the company mentors a new generation of energy enthusiasts, blending youthful energy with seasoned expertise. Pashupati Renewables offers services spanning project development, power plant operation and maintenance, project finance, ESG compliance assistance, and advising on mega projects.

     

  • Sipla Securities Limited Faces 3-Day Trading Suspension on NEPSE for Settlement Non-Compliance

    Sipla Securities Limited Faces 3-Day Trading Suspension on NEPSE for Settlement Non-Compliance


    Sipla Securities Limited, identified as Broker Number 20, is facing a suspension from trading activities on the Nepal Stock Exchange Limited (NEPSE). NEPSE made an official announcement on Monday, declaring the suspension of Sipla Securities for a duration of three working days. The reason cited for this action is the broker’s failure to comply with settlement procedures within the stipulated timeframe.

    The decision to suspend Sipla Securities was prompted by a letter received from CDS and Clearing Limited, bringing attention to the non-compliance issue. NEPSE, in response to this communication, took the regulatory step of temporarily halting trading activities for the specified broker.

    This suspension underscores the importance of adherence to settlement procedures in the stock exchange, and the regulatory authorities are enforcing such measures to maintain the integrity and efficiency of the trading system. The three-day suspension is intended to address the non-compliance issue and ensure that necessary corrective actions are taken by Sipla Securities Limited.

  • Promoter Shares Auction Today: Kumari Bank Limited & Gurkhas Finance Limited

    Promoter Shares Auction Today: Kumari Bank Limited & Gurkhas Finance Limited


    The current promoter of Kumari Bank Limited (KBL) is offering 97,847 units of shares for auction to existing promoter shareholders starting today. Srijana Sharma is planning to sell these shares to eligible shareholders. Interested parties are invited to submit their bids for the auction within 35 days from the date of this notice, which is the 13th of Falgun.