NMB Bank and the Hydroelectricity Investment and Development (HIDCL) Company have jointly committed a substantial investment of 7.40 Arba rupees towards the Upper Modi A hydropower project. In this collaboration, NMB Bank will contribute 4.40 Arba rupees, while HIDCL will invest 3 Arba rupees. The signing of a tripartite loan agreement formalized this partnership, witnessed […]
United Modi Hydropower Limited (UMHL) has announced its intention to issue right shares in the ratio of 1:1 or 100% right shares, as per the decision made during the recent Board of Directors meeting on Mangsir 13. The proposal aims to release 100% right shares on the existing paid-up capital of Rs. 1.23 Arba, with
Looking like this stock will not do well. No buyers even in the lowest circuit. Or, am I missing something? View on r/NepalStock by esnyez
The IPO allotment of Modi Energy Limited has been successfully completed at the premises of Sunrise Capital Limited in Kathmandu. The company had issued 55,59,420 units worth Rs. 55.59 crores as Initial Public Offering (IPO) to the general public from Baisakh 19 to 24, 2080. Prior to the IPO, the company had allocated 29,00,000 unit
Modi Energy Limited is wrapping up its IPO issuance of 55,59,420 unit shares worth Rs. 100 each to the general public from today i.e. May 7, 2023. The issue was opened on May 1, 2023. However, the IPO issue is already oversubscribed by 2.14 times so far as 1,062,761 applicants have applied for a total
Modi Energy Limited has started offering 55,59,420 unit IPO shares with a face value of Rs 100 to the public, aiming to raise Rs 55.59 crore. The IPO will close on the 24th of Baisakh, and it can be extended up to the 2nd of Jestha, 2080, if it is not fully subscribed. The company
Modi Energy Limited has sent an offer letter to the general public in preparation for its Initial Public Offering (IPO). From the 19th of Baisakh, 2080, the firm would issue 59,94,420 unit shares with a face value of Rs 100. This IPO is expected to generate Rs 59.94 crore for the firm. This issue’s
Modi Energy Limited has distributed IPO shares to Parbat District residents affected by the project. The allotment program came to an end on Chaitra 19, 2079. From the 25th Falgun to the 16th Chaitra, 2079, the company issued 29,00,000 unit IPO shares, representing 10% of the issued capital of Rs. 2.9 Arba, to project-affected
Modi Energy Limited is closing the issue of 29,00,000 units of IPO shares to the project-affected locals today i.e. on 16th Chaitra 2079. The problem had begun on the 25th of Falgun, 2079. The company’s issued capital is Rs. 2.9 Arba, of which 10%, or 29,00,000 unit shares worth Rs. 29 crores, have been allocated
Modi Energy Limited is closing its IPO issue to Nepalese citizens working abroad today, 9th Chaitra, and has extended the IPO issue deadline for project-affected locals until 16th Chaitra, 2079. The problem had begun on the 25th of Falgun, 2079. The company’s issued capital is Rs. 2.9 Arba, of which 10%, or 29,00,000 unit shares
Jeevan Bikas Laghubitta Bittiya Sanstha Limited (JBLB) has reduced the dividend rate for fiscal year 2078/79 from 37.3684% to 33.15%. The 72nd meeting of the board of directors, held on Falgun 06, resolved to give a dividend of Rs. 1.03 Arba on the paid-up capital. A cash dividend of 9.3684% and 28% bonus shares had
The bonus dividend of National Microfinance Laghubitta Bittiya Sanstha Limited (NMFBS) has been reduced from 38.5% to 34.45%. NMFBS proposed a Bonus Dividend of 38.5% for fiscal year 2078/79. The 141st board of directors meeting, held on Magh 9, proposed a 38.5% bonus from paid-up capital for fiscal year 2078/79. The company’s paid-up capital
