The Asian Development Bank (ADB) forecasts 4.1 percent economic growth in Nepal in 2023, with inflation at 7.4 percent. According to the April 2023 Asian Development Outlook (ADO), Nepal’s economic growth rate is expected to slow in 2023 compared to last year due to tight monetary policy, sluggish domestic demand, the unwinding of pandemic […]
One company applied for a stock dealer license in the previous seven months, while 45 companies applied for stock broker licenses. Nonetheless, all procedures had been halted as a result of the Supreme Court’s directive. Seven months later, the broker license has been suspended, resulting in the freezing of approximately Rs. 12 Arba in
Rawa Energy Development Ltd is a public limited company that was founded as a private limited company on August 16, 2009 and later converted to a public limited company on June 28, 2019. It is promoted by businesspeople with extensive experience in hydropower and other sectors for the establishment of Hydroelectric Projects (HEP) in
Chhyangdi Hydropower Company Limited has changed the right share rates from 150% to 100%. According to regulatory guidelines, the 93rd meeting of the board of directors of Chhyangdi Hydropower Company Ltd (CHL) convened on Tuesday Chaitra 21, 2079 agreed to issue 100% right shares on a paid-up capital of Rs. 38.67 Crores. Earlier, the business
NEPSE has listed 746,830 units of “7.5% Everest Bank Limited Urja Rinpatra (Energy Bond) 2089.” From the 25th Poush to the 09th Magh of 2079, Everest Bank Limited (EBL) issued 20,00,000 units of “7.5% Everest Bank Limited Urja Rinpatra (Energy Bond) 2089.” From the overall offer of 20 lakh units, 12 lakh units were subscribed
The Securities Exchange Board of Nepal (SEBON) has approved Three Star Hydropower Limited’s proposed initial public offering (IPO) on Chaitra 17. The company will now issue 1,231,250 equity shares with NPR 100 par value each. The issue is worth Rs. 12.31 crore. This is equivalent to 25% of the company’s issued capital. After the
NEPSE has listed 7,00,625 unit bonus shares of Mahila Laghubitta Bittiya Sanstha Limited (MLBSL). On 21st Falgun, the company held its 5th AGM for FY 2078/79 and approved a 50% dividend worth Rs. 7.37 crores for the fiscal year 2078/79. On Poush 26, the 51st board of directors decided to distribute the dividend on
Prabhu Capital has been appointed as the share registrar for Sagarmatha Jalvidhyut Company. According to the statement, the agreement was signed on Chaitra 20, 2079 by the chairman of the hydro company, Dr. Bhogendra Kumar Guragain, and the CEO of the Merchant bank, Mr. Aasis Gauchan.
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
Suryodaya Womi Laghubitta Bittiya Sanstha Limited (SWMF) has scheduled its 11th Annual General Meeting for 30th Baisakh, 2080. The meeting will begin at 9 a.m. that day at Dhulikhel Lodge Resort Pvt. Ltd., Dhulikhel, Kavrepalanchowk. Among the other items on the agenda, the AGM will approve a 15% bonus share for fiscal year 2078/79.
Dolti Power Company Limited has issued an offer letter to the general public in preparation for its Initial Public Offering (IPO). From the 28th Chaitra of 2079, the company will issue 12,71,861 unit shares with a face value of Rs 100. This IPO is expected to generate Rs 12.71 crore for the company. This issue’s
Ingwa Hydropower Limited is completing the distribution of 6,00,000 units of IPO shares to project-affected locals today, Chaitra 20, 2079. The problem had begun on the 21st of Falgun, 2079. The company’s issued capital is Rs. 60 crores, of which 10%, or 6,00,000 unit shares worth Rs. 6 crores, have been allocated to project-affected
