Tag: MP

  • Sanima Middle Tamor Hydropower Issuing 42,48,938 Units IPO Shares Beginning Today

    Sanima Middle Tamor Hydropower Issuing 42,48,938 Units IPO Shares Beginning Today


     

    Sanima Middle Tamor Hydropower Limited will begin issuing 42,48,938 unit shares with a face value of Rs 100 on February 26th, 2079. This IPO is expected to generate Rs 42.48 crore for the company. This issue’s early closing date is 30th Falgun, and if it is not fully subscribed, it can be extended until 10th Chaitra, 2079.

    Out of the total 49,98,750 units, 10%, or 499,875 units, have already been issued and allocated to Nepalese citizens working abroad, while 5%, or 249,937 units, have been set aside for mutual funds. The remaining 42,48,938 units will be available to the general public. Following the IPO, the company’s paid-up capital will be Rs. 3.33 Arba

  • Prime Life Insurance and Butwal Power Company Bonus Shares Are Finally Listed on the NEPSE

    Prime Life Insurance and Butwal Power Company Bonus Shares Are Finally Listed on the NEPSE


     

    Prime Life Insurance Company Limited (PLIC) has listed 36,13,500.25 Units Bonus Shares on NEPSE.

    For the fiscal year 2077/78, the board of directors proposed bonus shares worth Rs. 36,13,500.25 and a cash dividend worth Rs. 1,90,18,422 from the paid-up capital of Rs. 2.77 Arba at its 162nd meeting. NEPSE now lists the same bonus shares.

    A final merger agreement has also been completed between three life insurance companies, Union Life Insurance Co Ltd (ULI), Gurans Life Insurance Co Ltd (GLICL), and Prime Life Insurance Co Ltd (PLIC). The merger agreement was signed by the companies in order to strengthen the company’s capital base at a swap ratio of 1:1:1.

  • Gold and silver prices fell for the third day in a row.

    Gold and silver prices fell for the third day in a row.


     

    The price of gold has decreased by Rs. 500 per tola today.

    According to the official website of the Federation of Nepal Gold and Silver Dealers’ Association, fine gold is being traded today at Rs. 101,000 per tola. In the last three days, the price of gold has decreased by Rs 1,800 per tola. The price of gold and silver has decreased for the third consecutive day i.e since Tuesday.

    Meanwhile, Tejabi gold is being traded at Rs. 100,500 today. In contrast, the rate was maintained yesterday at Rs. 100,000 per tola.

    On the sideline, silver has also lost Rs. 5 per tola. The lustrous white metal is being traded in the local market today at Rs. 1,220 per tola, compared to yesterday’s closing rate of Rs. 1,225 per tola.

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  • Menchhiyam Hydropower IPO closes today for Nepalese working abroad.

    Menchhiyam Hydropower IPO closes today for Nepalese working abroad.


    Menchhiyam Hydropower Limited has closed the issue of its initial public offering (IPO) to Nepalese citizens working abroad as of today, the 25th of Falgun, and has extended the IPO issue deadline for project-affected locals until the 9th of Chaitra, 2079. The problem had begun on the 10th of Falgun, 2079.

    The company’s issued capital is Rs. 54.25 crores, of which 10%, or 5,42,583 unit shares worth Rs. 5.42 crores, have been allocated to project-affected Sankhuwasabha District residents. Meanwhile, 20% of the company’s issued capital, or 10,85,167 unit shares, will be made available to the general public later. This public issue, which will close today, has allocated 10% of the shares totaling 108,517 units to Nepalese citizens working abroad.

     

  • Last Day to Claim Chhimek Laghubitta’s Proposed 25.26% Dividend

    Last Day to Claim Chhimek Laghubitta’s Proposed 25.26% Dividend


    Today is the last day to claim Chhimek Laghubitta Bittiya Sanstha Limited’s proposed dividend of 25.26%. (CBBL).

    On Chaitra 10, 2079, the company called its 21st AGM. The meeting will begin at 11 a.m. that day in Hetauda, Makawanpur.

    Among the other items on the agenda, the AGM will approve a 25.26% dividend for fiscal year 2078/79. The 282nd meeting of the board of directors, held on Poush 27, decided to distribute a dividend of Rs. 2.32 Arba on the paid-up capital. There have been proposed 22% bonus shares worth Rs 51.13 crores and 3.26% cash dividend (including tax) worth Rs 7.57 crores.

     

  • The final merger procedure between Sana Kisan Bikas and RMDC Laghubitta has been completed the swap ratio has been set at 1:0.87.

    The final merger procedure between Sana Kisan Bikas and RMDC Laghubitta has been completed the swap ratio has been set at 1:0.87.


    The ultimate merger procedure has been completed between Sana Kisan Bikas Laghubitta Bittiya Sanstha Limited (SKBBL) and RMDC Laghubitta Bittiya Sanstha Limited (RMDC). On Bhadra 31, 2079, the firms signed a merger agreement.

    Similarly, the share exchange ratio between Sana Kisan and RMDC has been determined to be 1:0.87. Investors who now own 100 shares of RMDC Microfinance will get 87 shares of the amalgamated firm.

    Similarly, it has been decided to nominate 2-2 persons from each institution’s promoter group, 1-1 person from the general group, and 1 person as an expert director, in accordance with the terms of the Bank and Financial Institutions Act of 2073.

  • Jeevan Bikas Laghubitta Modifies the Dividend Rate for Fiscal Year 2078/79

    Jeevan Bikas Laghubitta Modifies the Dividend Rate for Fiscal Year 2078/79


    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 been recommended.

    The dividend was to be paid only after clearance from Nepal Rastra Bank and approval from the company’s future AGM. The dividend has been changed in accordance with Nepal Rastra Bank’s directives. As a result, a new dividend rate of 26% Bonus dividend and 7.15% cash dividend has been recommended.

    Consequently, the bonus shares are valued at Rs. 26.89 crores, while the cash dividend is valued at Rs. 7.39 crores.

  • National Microfinance (NMFBS) Modifies Bonus Dividend for Fiscal Year 2078/79

    National Microfinance (NMFBS) Modifies Bonus Dividend for Fiscal Year 2078/79


     

    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 is Rs. 58.66 crores. As a result, the company proposed bonus shares worth Rs. 22.58 crores.

     

  • Molung Hydropower Company’s Initial Public Offering (IPO) has ended: 226,465 applicants receive 10 units.

    Molung Hydropower Company’s Initial Public Offering (IPO) has ended: 226,465 applicants receive 10 units.


    Molung Hydropower Company Limited’s initial public offering (IPO) was completed today at Sunrise Capital Limited’s Kamalpokhari office in Kathmandu.

    Molung Hydropower Company Limited issued to the general public 22,64,655 units worth Rs 22.64 crore in an Initial Public Offering (IPO) (Falgun 4- 10, 2079).

     

  • Salt Trading Corporation’s net profit increased by 47.39% in the second quarter, to Rs 14.86 per share.

    Salt Trading Corporation’s net profit increased by 47.39% in the second quarter, to Rs 14.86 per share.


    Salt Trading Corporation Limited (STC) has released its second-quarter report for fiscal year 2079/2080, which shows a 47.39% increase in net profit. The company’s net profit increased to Rs. 1.88 crores in Q2, 2079/2080 from Rs. 1.27 crores in the previous year’s corresponding quarter.

    The company’s sales revenue (revenue from operations) fell by 1.63% in the second quarter to Rs. 3.45 Arba, down from Rs. 3.51 Arba in the previous year’s corresponding quarter. In contrast, the company’s other income has decreased to Rs. 1.7 Crores from Rs. 3.7 Crores during the same period last year.

     

  • Molung Hydropower Company’s Initial Public Offering (IPO) will be completed tomorrow.

    Molung Hydropower Company’s Initial Public Offering (IPO) will be completed tomorrow.


    olung Hydropower Company Limited’s initial public offering (IPO) will take place tomorrow, on the 19th of Falgun, 2079. The allotment program will begin at 10 a.m. on the premises of the issue manager, Sunrise Capital Limited, in Kamalpokhari.

    From the 4th to the 10th Falgun, the company issued 22,64,655 units of Rs 100 face value shares to the general public in an Initial Public Offering worth Rs 22.64 crore. Out of the total 27,28,500 units, 10%, or 272,850 units, were already issued and allotted to Nepalese citizens working abroad, 2%, or 54,570 units, were set aside for company employees, and 5%, or 136,425 units, were set aside for mutual funds. The

  • Sun Nepal Life Insurance Company’s IPO has been added to the SEBON pipeline.

    Sun Nepal Life Insurance Company’s IPO has been added to the SEBON pipeline.


    Sun Nepal Life Insurance Company Limited (SNLICLInitial )’s Public Offering (IPO) has been added to SEBON’s IPO pipeline for approval.

    The company intends to sell 9,600,000 unit shares to the general public for Rs. 250.55 per share (Rs 100 face value + Rs 150.55 premium price). The IPO will raise Rs. 2,405,280,000 in total.