Tag: Nepal

  • Singati Hydro Energy: Offer Letter Published, Right Shares Issue Opens on Falgun 2

    Singati Hydro Energy: Offer Letter Published, Right Shares Issue Opens on Falgun 2


    Singati Hydro Energy Limited (SHEL) is embarking on a new phase of expansion and growth with the issuance of its 100% rights shares, as outlined in its recently published offer letter. The company has opened the window for applications for these right shares in a generous ratio of 1:1 or 100%, accepting applications from 2nd Falgun to 22nd Falgun, 2080.

    In this offering, Singati Hydro Energy Limited plans to issue 100% right shares valued at Rs. 1.45 Arba, equivalent to 14,500,000 (1:1) units of right shares, specifically catering to its existing shareholders. The company, known for its contributions to the hydropower sector, is currently operating with a paid-up capital of Rs. 1.45 Arba. With the proposed issuance and adjustment of the right shares, the paid-up capital is set to undergo a significant boost, reaching Rs. 2.90 Arba.

    This strategic move not only reflects Singati Hydro Energy Limited’s commitment to strengthening its financial position but also provides existing shareholders with an exclusive opportunity to participate in the company’s expansion endeavors. The issuance of 100% right shares signifies a bold step towards fortifying the company’s foothold in the hydropower industry, signaling confidence in its future prospects and inviting stakeholders to be part of this exciting phase of growth.

     

  • Sanima GIC Insurance Limited: No Dividend Declared for FY 2079/80

    Sanima GIC Insurance Limited: No Dividend Declared for FY 2079/80


     

    Sanima GIC Insurance Limited (SGIC) has recently announced its decision to refrain from distributing dividends for the Fiscal Year 2079/80. The resolution was reached during the 134th Board Meeting of SGIC, held on Magh 10, 2080. The decision not to distribute dividends stems from a careful consideration of various factors and aligns with the company’s strategic approach to financial management. It’s crucial to highlight that this decision is subject to the approval of the financial statements by the regulatory authority, Nepal Insurance Authority. The move underscores SGIC’s commitment to responsible financial practices, ensuring that shareholder interests are in sync with the prevailing economic conditions and regulatory requirements. Investors and stakeholders will be keenly watching for further insights during the regulatory approval process to gain a comprehensive understanding of SGIC’s financial standing and its future direction.

     

  • Wean Nepal Laghubitta: No Dividend Distribution for FY 79/80

    Wean Nepal Laghubitta: No Dividend Distribution for FY 79/80


    WNLB, as per the decision made during its recent Board Meeting on Magh 10, 2080, has opted not to distribute any dividends for the fiscal year 2079/80. This resolution is subject to the approval of the financial statements by the regulatory authority, Nepal Rastra Bank, and the forthcoming Annual General Meeting of the company. It’s noteworthy that WNLB’s stance on dividends reflects a strategic approach, considering various factors that impact financial decisions. As of the latest update, the company’s stock, denoted by WNLB, closed at Rs. 859.00. This decision underscores the company’s commitment to prudent financial management and aligning shareholder expectations with the current business landscape. Investors and stakeholders will be keenly awaiting the regulatory approval and the insights provided during the upcoming Annual General Meeting for a comprehensive understanding of WNLB’s financial position and future prospects.

     

  • Puwa Khola-1 Hydropower Partners with LS Capital for IPO Management

    Puwa Khola-1 Hydropower Partners with LS Capital for IPO Management


    Puwa Khola-1 Hydropower Limited is set to make a significant market debut by appointing LS Capital Limited as the IPO issue and sales manager for its upcoming public offering. The hydropower company plans to release 19,46,660 ordinary shares to the general public, each carrying a face value of Rs 100. The strategic move towards IPO comes on the heels of the successful completion and operation of their 4 MW hydropower project situated in the picturesque Ilam district. Managing Director Mr. Kadam KC, representing Puwa Khola-1 Hydropower, and Mr. Bijay Lal Shrestha, CEO of Laxmi Sunrise Capital Limited, officially sealed the agreement. Investors now have the opportunity to be part of this forward-looking venture, contributing to both sustainable energy development and the economic growth of the region. The collaboration with LS Capital Limited further reinforces Puwa Khola-1 Hydropower’s commitment to bringing clean energy solutions to the forefront of the market, paving the way for a greener and more sustainable future.

     

  • Super Khudi Hydropower Taps Global IME Capital as IPO Issue Manager

    Super Khudi Hydropower Taps Global IME Capital as IPO Issue Manager


    Super Khudi Hydropower Limited, a pioneering venture in the renewable energy sector, has recently appointed Global IME Capital Limited as the dedicated issue and sales manager for its upcoming Initial Public Offering (IPO). The highly anticipated IPO entails the issuance of 6,975,000 ordinary shares to the general public, each with a face value of Rs 100. Spearheading this significant move is Mr. Rabi Kumar Gautam, Senior Project Manager at Super Khudi Hydropower, and Mr. Mandip Luitel, CEO of Global IME Capital, who formally sealed the agreement. With a commitment to sustainable energy solutions, Super Khudi Hydropower Limited is poised to revolutionize the hydropower landscape, offering investors an opportunity to be part of a forward-thinking enterprise dedicated to shaping a greener, more resilient future. This strategic partnership with Global IME Capital further solidifies Super Khudi Hydropower’s position as a catalyst for positive change in the renewable energy sector, promising investors a stake in a project that not only generates power but also drives environmental stewardship and economic growth.

     

  • Nepal Stock Exchange (NEPSE) Reports a 0.48% Dip in Index

    Nepal Stock Exchange (NEPSE) Reports a 0.48% Dip in Index


    The NEPSE Index in Nepal witnessed a decline of 10.25 points or 0.48% from the previous day, settling at 2,088.04 points. In the prior trading session, the index had incurred a loss of 0.40 points. The market opened today with the index at 2,098.97, reaching an intraday low of 2,083.45, and hitting a high of 2,120.46.

    During the day’s trading activities, 311 different stocks were traded in 90,210 transactions, involving a total volume of 11,049,949 shares and a turnover of Rs. 3.89 Arba. The market capitalization was recorded at Rs. 32.79 Kharba, with a float market capitalization of Rs. 11.30 Kharba.

    Himalayan Reinsurance Limited (HRL) led in turnover, accumulating Rs. 25.15 crore, and closed the day with a market price of Rs. 657. Additionally, Chandragiri Hills Limited (CGH) and Mid Solu Hydropower Limited (MSHL) experienced positive circuit movements. On the downside, Terhathum Power Company Limited (TPC) suffered the highest loss of 10%.

    In terms of sector indices, two sectors closed in the green today. The “Mutual Fund Index” saw the highest gain at 0.14%, while the “Investment Index” incurred a loss of 1.65%.

  • Prabhu Bank (PRVU) Decides Against Dividend Distribution for FY 2079/80

    Prabhu Bank (PRVU) Decides Against Dividend Distribution for FY 2079/80


    Prabhu Bank Limited (PRVU) has declared that it will not be issuing any dividends for the Fiscal Year 2079/80. The decision was reached during the Board Meeting held on Magh 08, 2080. It is important to note that the distribution of dividends is contingent upon the approval of the financial statements by Nepal Rastra Bank and the subsequent Annual General Meeting of the company.

    As of the latest available information, PRVU closed at Rs. 159.90 yesterday. The decision to forgo dividends suggests a strategic choice by the bank, and investors will await further details during the Annual General Meeting for a comprehensive understanding of the financial position and considerations behind this decision.

  • Kutheli Bukhari Small Hydropower (KBSH) Ends Lock-In: 6,093 Mutual Fund Shares Unlocked

    Kutheli Bukhari Small Hydropower (KBSH) Ends Lock-In: 6,093 Mutual Fund Shares Unlocked


    Kutheli Bukhari Small Hydropower Limited (KBSH) has notified its investors and stakeholders about the recent expiration of the lock-in period for 6,093 unit shares held by Mutual Funds. This lock-in period, as per the directives from the Securities Board of Nepal (SEBON), had commenced on Kartik 20, 2080, and concluded on Magh 6, 2080.

    Among the 1,218,675 units of shares listed by KBSH on the Nepal Stock Exchange (NEPSE), 5 percent, equivalent to 6,093 units, had been exclusively reserved for Mutual Funds. It is noteworthy that a portion of these shares, precisely 6,093 units, had been subjected to the lock-in period in accordance with SEBON’s directives issued on Kartik 20. Investors and stakeholders are now informed that the lock-in period for these 6,093 unit shares has officially concluded as of the 6th of Magh.

    The official notice further specifies that, following the conclusion of the lock-in period, the shares held by the Board of Directors and employees in higher management positions will not be tradable. This aligns with the regulations set forth by SEBON regarding the tradability of shares held by specific entities after the expiration of the lock-in period.

  • Ghalemdi Hydro Limited Initiates Auction of Unclaimed Right Shares for Public Offering

    Ghalemdi Hydro Limited Initiates Auction of Unclaimed Right Shares for Public Offering


    Ghalemdi Hydro Limited (GHL) has initiated the auction of its unclaimed right share portion starting today, 9th Magh, and concluding on 23rd Magh, 2080. The company is auctioning 32,17,724 units of ordinary right shares, representing the unclaimed segment from its previous 1:2 ratio right share issue, conducted from 10th Mangsir to 16th Poush, 2080. Only 77,82,276 units (70.75%) of the total right shares were allotted to eligible shareholders, leaving 29.25% unclaimed, and these unsold shares are now available for the general public.

    Both individuals and institutions have the eligibility to participate in the auction, managed by Muktinath Capital Limited. The minimum bid rate is set at Rs. 100, with a bid quantity of at least 100 units. While bidders can bid for the entire issue, adherence to regulatory rules restricting the quantity of shares per entity is mandatory.

    GHL’s current paid-up capital is Rs. 55 Crores, and after the adjustment of the proposed right share of 1.10 crore units, the company’s paid-up capital will increase to Rs. 1.65 Arba. Despite posting a net loss of Rs 3.13 crore, the company’s earnings per share stands at Rs. 5.70, and its net worth is Rs. 70.921, according to the first quarterly report for the fiscal year 2080/81.

    As of the latest available information, GHL’s Last Traded Price (LTP) is Rs. 189.00.

  • NIMB Ace, Mount Everest Power: 2.58M shares (30%) for 12MW Dudhkunda Khola Project

    NIMB Ace, Mount Everest Power: 2.58M shares (30%) for 12MW Dudhkunda Khola Project


    NIMB Ace Capital Limited and Mount Everest Power Development Limited have entered into an agreement for the issuance of 2,580,000 ordinary shares. These shares will be made available to local residents in areas affected by the project and the general public, constituting 30 percent of the total issued capital. The signing ceremony included Mr. Arjun Prasad Poudel, the Chairman of Mount Everest Power Development Limited, and Sachindra Dhungana, the General Manager of NIMB Ace Capital Limited.

    The focus of Mount Everest Power Development Limited is on the ongoing construction of the Dudhkunda Khola Hydroelectricity Project, boasting a 12 Mega Watt capacity. This project utilizes water from the Dudhkunda River and is situated in the Solukhumbu district. Remarkably, more than 80 percent of the construction work for this hydroelectric project has already been completed.

    Under the terms of the agreement, NIMB Ace Capital Limited will provide Securities Issuance and Sales Manager services. This role involves overseeing all operations related to the public issue and management of ordinary shares for Mount Everest Power Development Limited. The collaboration aims to facilitate the allocation of shares to local residents and the broader public, contributing to the development and progress of the Dudhkunda Khola Hydroelectricity Project.

  • Nepal Stock Exchange: Small Dip, Some Gains, and Sector Highlights

    Nepal Stock Exchange: Small Dip, Some Gains, and Sector Highlights


    The Nepal Stock Exchange (NEPSE) Index concluded with a marginal loss of 0.40 points or 0.01% compared to the previous day, settling at 2,098.29 points. In the preceding trading session, the index had faced a more substantial loss of 31.49 points. The day commenced with the index opening at 2,096.99 and fluctuated throughout, hitting an intraday low of 2,087.22 and reaching a peak at 2,112.15.

    During today’s trading activities, 310 different stocks were traded in a total of 117,566 transactions. The volume of shares exchanged amounted to 11,801,360, with a total turnover of Rs. 4.29 Arba. The market capitalization was recorded at Rs. 32.95 Kharba, while the float market capitalization stood at Rs. 11.36 Kharba.

    Himalayan Reinsurance Limited (HRL) led in turnover, achieving Rs. 55.09 crore and concluding the day with a market price of Rs. 659. Meanwhile, Chandragiri Hills Limited (CGH) experienced the highest gain of 10%, followed closely by Nepal Lube Oil Limited (NLO) with a gain of 9.99%. On the other hand, Mid Solu Hydropower Limited (MSHL) faced the most significant loss of 6.20%.

    In terms of sector indices, six sectors closed positively today. The “Hotel & Tourism Index” stood out with the highest gain of 4.74%, while the “Trading Index” witnessed a loss of 0.86%.

  • Nepal Life Insurance: No Dividend Distribution for FY 2078/79

    Nepal Life Insurance: No Dividend Distribution for FY 2078/79


     

    Nepal Life Insurance Company Limited (NLIC) announces its decision to forgo the distribution of dividends for the Fiscal Year 2078/79, following the resolution made during its 367th Board Meeting held on Magh 7, 2080. The company, subject to approval from the regulatory authority, Nepal Insurance Authority, and the impending Annual General Meeting, has opted not to distribute dividends to its shareholders based on the profit earned during the specified fiscal year. This strategic decision reflects NLIC’s commitment to financial prudence and aligns with regulatory considerations, ensuring transparency and responsible financial management.