Tag: Mahalaxmi

  • SEBON Approves Mahalaxmi Debenture 2089 at 11%

    SEBON Approves Mahalaxmi Debenture 2089 at 11%


    On Chaitra 05, 2079, the Securities Board of Nepal (SEBON) authorized the “11% Mahalaxmi Debenture 2089.”

    Mahalaxmi Bikas Bank Limited (MLBL) plans to issue 10 lakh unit debentures at Rs 1000 per unit. During a period of ten years, the bank will give an interest rate of 11% on the debenture.

    Out of the total number of units given, 4 lakh will be made available to the general public and 6 lakh would be made available for private placement.

    The issue manager is NIC Asia Capital. The offering would generate a total of Rs 1 Arba.

  • Mahalaxmi Life Insurance observes its 4th anniversary

    Mahalaxmi Life Insurance observes its 4th anniversary


     

    Mahalaxmi Life Insurance observed its 4th anniversary on Magh 27, 2079 where the company is the youngest in the insurance sector has gone through a lot of ups and downs.

    The company has increased its paid-up capital by 50%, reserve by 60.7%, life insurance fund by 56.4%, investment portfolio by 29.5%, claim settlement by 38%, and profit by 35.4% by Poush end, 2079 when compared to the same period last year, as per the media statement.

     

  • Mahalaxmi Bikas Bank paid a cash dividend of 6.47% to shareholders.

    Mahalaxmi Bikas Bank paid a cash dividend of 6.47% to shareholders.


    Mahalaxmi Bikas Bank Limited (MLBL) has delivered 6.47% cash dividends straight to its shareholders’ bank accounts and asked them to dematerialize their shares.
    On Poush 29, 2079, the firm had its 21st AGM for the fiscal year 2078/79. 
    The board of directors approved a 10.47% dividend for fiscal year 2078/79. 
    The 548th board of directors meeting, held on Poush 01, resolved to issue a dividend of 10.47% of the Fiscal Year 2078/79. 
    Similarly, a cash dividend of 6.47% and bonus shares of 4% were proposed from the Rs. 4.01 Arba paid-up capital. 
    The same cash dividend is now being paid out.