Tag: National

  • Nepal Prepares for Nepal Investment Summit 2024 to Boost Economy

    Nepal Prepares for Nepal Investment Summit 2024 to Boost Economy


    The Government of Nepal is gearing up for the highly anticipated Nepal Investment Summit 2024, set to kick off on April 28 in Kathmandu. This two-day event, themed ‘Emerging Nepal,’ aims to showcase 125 national-level projects across various sectors to attract investment and foster economic development in the country.

    Prime Minister Pushpa Kamal Dahal, in discussions with development partners, emphasized the government’s unwavering commitment to creating a secure and conducive investment climate. The Investment Board of Nepal (IBN) has extended invitations to over 1,100 potential investors, with more than 100 projects identified as viable for display at the summit.

    Nepal boasts promising investment prospects in sectors such as clean energy, tourism, agro-processing, mining, information and communication technology (ICT), transportation, and manufacturing. Highlighted projects include the Nepal-China Friendly Industrial Park in Jhapa, the Upper Marsyangdi-2 Hydropower Project, grid-connected solar initiatives in Banke and Kapilvastu districts, and a potential agreement with Dabur Nepal for expanding production capacity.

    The estimated cost of the Nepal-China Friendly Industrial Park is $786 million, while the Upper Marsyangdi-2 Hydropower Project seeks $647 million in Chinese investment. Grid-connected solar projects and Dabur Nepal’s expansion plan also present significant investment opportunities, showcasing Nepal’s appeal to prospective investors.

    Despite past investment summits in 2017 and 2019 aimed at boosting Nepal’s attractiveness to investors, challenges remain in translating summit outcomes into tangible results. The government has undertaken pre-event activities abroad and streamlined preparations, but delays in amending relevant legislation persist, hindering progress towards creating a more investor-friendly regulatory environment.

    Pre-Seminar on Nepal Investment Summit held in Zhejiang Province of China - Click Nepal

  • National Laghubitta Calls 10th AGM to Discuss 15% Dividend for FY 2079/80

    National Laghubitta Calls 10th AGM to Discuss 15% Dividend for FY 2079/80


    National Laghubitta Bittiya Sanstha Limited (NMFBS) has convened its 10th Annual General Meeting (AGM) scheduled for March 16, 2080. The AGM will take place at Dhulikhel Lodge Resort, Dhulikhel, Kavrepalanchowk, commencing at 10:30 AM. Among the proposed agendas, the AGM will consider endorsing a 15% dividend for the fiscal year 2079/80. The decision was made during the 163rd board of directors meeting on Magh 22. The proposed dividend includes 7.5% bonus shares and 7.5% cash dividend (for tax purposes), totaling Rs. 32.52 crores based on the paid-up capital of Rs. 1.08 Arba.

    Additionally, the AGM will address other items such as approving the auditor’s report, including profit and loss statements, financial reports, and cash flow reports. The appointment of an auditor for the fiscal year 2080/81 will also be discussed.

    The book closure date is set for Falgun 30, and shareholders maintained before this date will be eligible for the dividend payout and are welcome to attend the AGM.

  • National Laghubitta Bittiya Sanstha Limited Initiates Auction of 63,242 Shares to General Public

    National Laghubitta Bittiya Sanstha Limited Initiates Auction of 63,242 Shares to General Public


    The current promoters of National Laghubitta Bittiya Sanstha Limited (NMFBS) have initiated the auction of 63,242 units of shares to the general public, starting from the 4th of Magh, 2080.

    Individuals interested in acquiring these shares are invited to participate in the auction, with a deadline of 10 days from the publication date of this notice, which is also the 4th of Magh, 2080.

    Prospective shareholders must submit their bids at the bank’s central office situated in Banepa-10, Kavrepalanchok. Initially, the shares were offered for auction exclusively to existing promoter shareholders. However, as no bids were received within the specified timeframe, the shares are now available for auction to the general public.

    As of the latest update, NMFBS concluded at Rs. 1,214.00 in the previous trading session. Meanwhile, NMFBSP is reported to have a Last Traded Price (LTP) of Rs. 1,115.00 as of January 25, 2023.

  • NHPC Lists Right Shares on NEPSE After Successful Allotment and Auction

    NHPC Lists Right Shares on NEPSE After Successful Allotment and Auction


    National Hydro Power Company Limited (NHPC) has successfully listed 82,21,459.7178 units of right shares on the Nepal Stock Exchange (NEPSE). The company had previously issued these right shares to its shareholders at a ratio of 10:5, allowing them to subscribe to the offering from 29th Ashad to 18th Shrawan, 2080.

    Of the total 82,21,459.7178 unit right shares made available, eligible shareholders of NHPC submitted applications for 68,84,717 units, and these shares were duly allocated to the applicants.

    Subsequently, the company organized an auction for the remaining 13,36,742.7178 units of unsubscribed right shares, which took place from 13th Bhadra to 24th Bhadra, 2080. The auction was managed by Muktinath Capital.

    At the time of reporting, NHPC’s Last Traded Price (LTP) stands at Rs. 145. This information provides an overview of the company’s recent financial activity and share performance in the market.

  • NIC ASIA Capital Launches Idea to IPO Advisory for National Solar Power Company’s 7.24 Lakh Unit IPO

    NIC ASIA Capital Launches Idea to IPO Advisory for National Solar Power Company’s 7.24 Lakh Unit IPO


    NIC ASIA Capital has taken a significant step in fostering the growth of National Solar Power Company by entering into a transformative agreement. This partnership brings to life the “Idea to IPO” corporate advisory service, a comprehensive support package that extends from the inception of the company through to its IPO issuance and beyond. National Solar Power Company, with its current operation of a 5 MW solar energy project in Pratapur, Nawalparasi, is poised to expand its horizons by offering 7.24 lakh unit ordinary shares at a price of Rs. 100 per unit to the general public. With this collaboration, NIC ASIA Capital reaffirms its commitment to guiding companies on their journey from innovative ideas to thriving IPOs, propelling the solar energy sector towards a brighter and more sustainable future.

     

  • Is national life insurance a scam or a worth investment?

    Is national life insurance a scam or a worth investment?


    One of my relatives approached me asking to take one of the packages of national life insurance?

    Is it worth it? Or is there something hidden deep down and ends up as scam?

    Since, they are my relative i can’t say no, but it seems like a big sum, i don’t want to be tricked.

    View on r/NepalStock by Hefty_Background2836

  • NMFBS Promoter Shares Auction Open to General Public and Institutions

    NMFBS Promoter Shares Auction Open to General Public and Institutions


    The current promoters of National Laghubitta Bittiya Sanstha Limited (NMFBS) have initiated the auction of 62,500 units of shares, starting from today, which is the 29th of Bhadra, and continuing until the 12th of Ashwin, 2080. This auction is open to existing interested promoter shareholders, as well as the general public and institutions.

    The auction specifically involves 62,500 units of promoter shares of NMFBS, and eligible participants, including promoter shareholders, the general public, and institutions, can submit their bids. The minimum bid rate for these shares has been set at Rs. 530 per unit, with a requirement that the minimum bid quantity for promoter shares must be 1000 units. However, participants should ensure that their applied units do not exceed the limit set by the Nepal Rastra Bank (NRB).

    The auction management responsibilities are being handled by NIMB Ace Capital Limited, and the opening of bids is scheduled to take place at the premises of the auction manager on the 14th of Ashwin, 2080.

    As of the current status, NMFBS has a Last Traded Price (LTP) of Rs. 1072, which is relevant information for potential investors considering participation in the auction. This auction provides an opportunity for interested parties to acquire NMFBS promoter shares at the specified terms and conditions.

  • “Closing Today: National Hydro Power Company 10:5 Rights Offering”

    “Closing Today: National Hydro Power Company 10:5 Rights Offering”


    The National Hydro Power Company Limited (NHPC) is concluding the issuance of its ongoing 10:5 ratio right shares today, 18th Shrawan, 2080. The issue was open since 29th Ashad. Eligible investors are reminded to apply for the right shares before the end of banking hours today. After the issuance of 82,21,459.7178 units of right shares, which accounts for 50% of the current paid-up capital of Rs. 1.64 Arba, the company’s paid-up capital will increase to Rs. 2.46 Arba.

     

  • “NLICL Announces 8% Bonus Shares Listed on NEPSE”

    “NLICL Announces 8% Bonus Shares Listed on NEPSE”


     

    National Life Insurance Company Limited (NLICL) has listed 37,12,345.50 unit bonus shares on NEPSE. This decision came after the company’s 35th AGM, where a 14.5% dividend for the fiscal year 2078/79 was approved. The dividend includes 8% bonus shares valued at approximately Rs. 37.12 crores and a 6.5% cash dividend (including tax) worth Rs. 30.16 crores. NLICL’s shares are now available for trading on NEPSE following this development.

  • NRB Approves Merger of National and Summit Microfinance

    NRB Approves Merger of National and Summit Microfinance


    The Nepal Rastra Bank (NRB) has given its final approval for the merger between National Microfinance Laghubitta Bittiya Sanstha Limited (NMFBS) and Summit Laghubitta Bittiya Sanstha Limited (SMFDB). National Microfinance (NMFBS) issued a press release announcing the approval. The merger proposal by National Microfinance was presented at a Special General Meeting (SGM) and was later finalized through a merger agreement signed by both companies’ boards of directors.

     

  • National Hydropower Company Adjusts Share Price as it Prepares to Issue Right Shares

    National Hydropower Company Adjusts Share Price as it Prepares to Issue Right Shares


    The Nepal Stock Exchange (NEPSE) has made an adjustment to the share price of National Hydropower Company Limited (NHPC) on Ashad 1, Friday. This adjustment was necessary as NHPC closed its books in preparation for issuing right shares, prompting NEPSE to establish a new share price.

    NEPSE has adjusted 50 percent of NHPC’s rightful shares, resulting in a revised share price of Rs. 182.7. This adjusted price was determined based on the closing price of NHPC’s shares in the previous trading day, which was Rs. 223.10. The revised share price will come into effect when trading resumes on Sunday in the secondary market.

    NHPC has announced plans to issue 50% right shares worth Rs. 82.21 Crores. This entails offering a total of 8,221,459.7178 (10:5) units of right shares to its existing shareholders. Currently, NHPC’s paid-up capital stands at Rs. 1.64 Arba, and it will increase to Rs. 2.46 Arba following the issuance of the proposed right shares.