The Securities Exchange Board of Nepal (SEBON) has given its approval for the Initial Public Offering (IPO) of Vision Lumbini Urja Company Limited. This IPO is scheduled for Bhadra 05, 2080. In this offering, the company plans to release 3,825,000 equity shares, each with a nominal value of NPR 100. The total value of the IPO is set at Rs. 38.25 Crore, which represents 20% of the company’s existing issued capital. Following the allotment of shares through the IPO, the company’s total paid-up capital will increase to Rs. 1.91 Arba from the current Rs. 1.53 Arba. Muktinath Capital Limited has been appointed as the manager overseeing the IPO process, and the application for this IPO was originally submitted on Falgun 28, 2079.
Lumbini Bikas Bank Limited (LBBL) has commenced the issuance of “11% LBBL Debenture 2089” to the general public and institutions. The debenture, which has a maturity period of 10 years and offers a coupon rate of 11%, will be available for application starting from today until the 19th of Jestha, 2080. In the event that the issue is not fully subscribed, the deadline may be extended until Jestha 30, 2080.
A total of 10,00,000 units of the debenture will be issued at a par value of Rs. 1000 per unit. Among the total units, 60% (6,00,000 units) will be subscribed through private placement, while the remaining 4,00,000 units worth Rs. 40 crores will be open for public issue. Additionally, 5% of the public issue is allocated for mutual funds. The issuance aims to raise a total of Rs. 1 Arba.
Nabil Investment Banking Limited has been appointed as the issue manager for this process. Investors have the opportunity to apply for a minimum of 25 units and a maximum of 1,00,000 units.
Lumbini Bikas Bank Limited (LBBL) has announced its plan to issue 10,00,000 units of “11% LBBL Debenture 2089” to the general public and institutions. The debenture has a maturity period of 10 years and offers an 11% coupon rate. The application period for the debenture will be open from 16th Jestha to 19th Jestha, 2080, with a possible extension to Jestha 30, 2080, if the issue is not fully subscribed.
The debenture will be issued at a par value of Rs. 1000 per unit, totaling 10 lakh units. Of these, 60% (6 lakh units) will be subscribed through private placement, while the remaining 4 lakh units worth Rs. 40 Crores will be available for the public to apply, with 5% allocated for mutual funds. The issuance aims to raise a total of Rs. 1 Arba.
Nabil Investment Banking Limited will act as the issue manager for this debenture issuance. Interested investors can apply for a minimum of 25 units and a maximum of 1,00,000 units.
Sagarmatha Lumbini Insurance Company Limited (SALICO) has listed 26,226,382 shares on the Nepal Stock Exchange (NEPSE) following a successful merger between Lumbini General Insurance Limited (LGIL) and Sagarmatha Insurance Company Limited (SIC).
The merger agreement between SIC and LGIL was signed on 30 Ashad, 2079. The swap ratio for the merger was set at 100:80, resulting in a 20% decrease in the number of LGIL shareholders. After the merger, the total listed shares of SIC and LGIL combined amounted to 26,226,382 units.
Following the successful merger, SIC and LGIL began conducting joint operations under the name Sagarmatha Lumbini Insurance Company Limited (SALICO) starting from Falgun 29, 2079. Consequently, the listed shares will be traded under the symbol “SALICO.”
The opening price range for the initial transactions has been set at Rs. 599.12.
The NEPSE has listed 16,53,699.96 unit bonus shares of Sagarmatha Insurance Company Limited (SIC).
On 11th Falgun, the firm held its 26th AGM and approved a 13.0579% dividend for fiscal year 2078/79. The board of directors resolved to distribute 12.40% bonus shares and 0.6526% cash dividend on Rs. 1.33 Arba paid-up capital. NEPSE now lists the same bonus shares.
Similarly, Lumbini General Insurance Company Limited (LGIL) has 9,17,644.50 unit bonus shares listed on NEPSE.
On 11th Falgun, the business had its 18th AGM and approved a 6.99% bonus share worth Rs. 9.17 crore and a 0.3679% cash dividend worth Rs. 48.29 crore on a paid-up capital of Rs. 1.31 Arba for the fiscal year 2078/79.
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.
AGM approval of the merger with Sagarmatha Insurance and the proposal of 6.99% bonus shares and 0.3679% cash dividend for taxation purposes are both mentioned in the media release in addition to the usual financial reporting.
According to the press release, the AGM authorized the board to carry out all merger-related responsibilities and approved the merged company’s name, Sagarmatha Lumbini Insurance Company.
The business reportedly recognized its employees who have worked there for more than ten years in a statement to the media.
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).
The Nepal Telecommunications Authority (NTA) has made toll-free numbers mandatory for Internet Service Providers (ISPs) in Nepal. This means that, sooner or later, every ISP will need their own toll-free number. To summarize, toll free numbers are phone numbers that can be used to contact Nepal’s Internet Service Providers for free.
ISPs must hold toll-free numbers for efficient customer care, assistance, and internet supply maintenance, according to NTA guidelines. Furthermore, toll-free numbers can boost not only internet access but also customer service. Furthermore, with toll-free numbers, consumers would be able to openly and conveniently express their dissatisfactions, suggestions, and questions.
We’ve compiled a list of toll-free numbers for some of Nepal’s most popular Internet service providers.
ISPs
Toll free numbers
Nepal Doorsanchar Company Ltd. | Nepal Telecom
1498, 198
Worldlink Communications Ltd.
166001-55050
Subisu Cablenet Pvt. Ltd.
166001-59999
Classic Tech Pvt. Ltd.
16600150999
Vianet Communication Pvt. Ltd.
16600188444
Nepal Doorsanchar Company Ltd. | Nepal Telecom Toll-free Number
Nepal Doorsanchar Company Ltd., widely known as NTC or Nepal Telecom, is the prestigious telecommunication service provider in Nepal. Along with telecom, the company is also a famous internet service provider. It’s contact details are:
NTC Toll-free number: 1498, 198
Head office: 977-1-4210106, Kathmandu
Email: ntc.cco@ntc.net.np
Worldlink Communications Ltd. Toll-free number
Worldlink is one of the renowned and largest internet and network service providers in Nepal. The company has been providing quality internet services. In addition to this, its services are ever-improving. But things aren’t perfect forever, that’s when the need to contact them comes in. Their contact details are:
Worldlink Toll-free number:166001-55050(NTC)
Head office: 977-9801523050 (Ncell) & 977-01-5970050 (NTC), Jawalakhel, Lalitpur
Email: info@worldlink.com.np
Subisu Cablenet Pvt. Ltd. Toll free number
Subisu is another prestigious ISP in Nepal. Initially, the company served as a cable & fiber internet and Digital TV service provider. With this been said, Subisu becomes a multi-tasker. To contact Subisu:
Classic Tech is another competitive internet and network service provider in Nepal. Moreover, it is a licensed company to provide trustworthy customer service to its users. It’s contact details are:
Classic Tech Toll-free number: 16600150999
Head office: 9801006633, New Baneshwor, Kathmandu
Email: info@classic.com.np
Vianet Communication Pvt. Ltd. Toll-free number
Vianet is one of the leading internet and TV service providers in Nepal. Since very long, the company has been serving people with high end internet service. And even today, you’ll find people appreciating it’s internet quality and speed. To contact them:
Vianet Toll free number: 16600188444
Head office: 01-5970444, Jawalakhel, Lalitpur
Email: support@vianet.com.np
Additionally, the list of other ISPs with their toll free numbers are as follows:
Other ISPs
Toll free numbers
Broad Band Nepal Pvt. Ltd.
166071-52004 (For NTC users)
Techminds Networks Pvt. Ltd.
16605651222 (For NT Users), 9801575666 (For Ncell Users)
