Tag: Nepal

  • Multipurpose Finance Company Allocates 35% Right Shares, Begins Refunds for Non-Allottees on Ashwin 16

    Multipurpose Finance Company Allocates 35% Right Shares, Begins Refunds for Non-Allottees on Ashwin 16


    Multipurpose Finance Company Limited (MPFL) has recently allocated 15,82,000 units of right shares to its shareholders on the 12th of Ashwin. For those who didn’t receive these shares, the company will begin refunding their money starting on the 16th of Ashwin, 2080.

    This offering of 35% right shares by the finance company was open from the 10th to the 31st of Bhadra, 2080. These 15,82,000 units of right shares were issued to eligible shareholders at a par value of Rs. 100, utilizing funds from the paid-up capital, which was initially Rs. 45.20 Crores. Consequently, with the issuance of these right shares in a ratio of 1:0.35, the company’s paid-up capital will increase to Rs. 61.02 Crores.

     

  • Last Day to Claim Dividends from Everest Bank and NIC Asia Bank – Don’t Forget!

    Last Day to Claim Dividends from Everest Bank and NIC Asia Bank – Don’t Forget!


     

    Today marks the final opportunity to claim dividends from Everest Bank Limited (EBL) and NIC Asia Bank Limited (NICA).

    EBL has scheduled its 29th Annual General Meeting (AGM) for the 30th of Ashwin, 2080, at Lainchaur Banquet in Kathmandu, commencing at 11 a.m. During this meeting, one of the key agenda items is the approval of a 20.53% dividend for the fiscal year 2079/80. This dividend comprises a 10.53% cash dividend and a 10% bonus share, as decided by the Board of Directors in their 357th meeting on Bhadra 27. EBL’s current paid-up capital is Rs. 10.69 Arba, and the cash dividend includes taxes associated with the bonus shares.

     

  • Global IME Capital Mutual Fund Sees Rise in Net Loss and NAV Decline

    Global IME Capital Mutual Fund Sees Rise in Net Loss and NAV Decline


    The Net Asset Value (NAV) report for “Global IME Balanced Fund – 1 (GIBF1)” in the month of Bhadra is out.

    This is a closed-end fund with a 10-year maturity period and a fund size of Rs. 1.02 Arba.

    In Bhadra, the NAV stands at Rs. 9.76, slightly down from the previous month’s Rs. 9.82. The fund has invested Rs. 77 Crore in listed shares and Rs. 4.36 crore in non-listed shares.

     

  • NMB Capital’s 4 Mutual Funds Report Lower NAV in Bhadra

    NMB Capital’s 4 Mutual Funds Report Lower NAV in Bhadra


     

    NMB Capital Limited has released the Net Asset Value (NAV) Report for Bhadra, 2080.

    NMB Hybrid Fund L-1 (NMBHF-1), a 7-year mutual fund managed by NMB Capital, has shared its financial update for the same month. The NAV for Bhadra declined to Rs. 11.79, down from the previous month’s Rs. 11.99.

    Starting with a fund size of Rs. 1 Arba, this scheme has invested Rs. 34.51 crores in listed shares and Rs. 1.61 crores in public issue, right shares, and bonus shares. Additionally, it has put Rs. 37.32 crores into bonds and debentures, with Rs. 25.70 crores in fixed deposits and a bank balance of Rs. 17.48 crores.

     

  • NEPSE Closes with 0.26% Gain and Rs 1.73 Arba Turnover

    NEPSE Closes with 0.26% Gain and Rs 1.73 Arba Turnover


    In today’s trading, the Nepal Stock Exchange (NEPSE) Index ended at 1,976.29 points, marking a gain of 5.19 points or 0.26% from the previous day’s close, which had seen a loss of 33.20 points. The trading day began with an opening index value of 1,970.28, hitting a low of 1,954.35, and reaching a high of 1,982.51.

    During today’s trading session, there were 286 different stocks traded in 85,591 transactions. The total volume of shares traded amounted to 5,776,896, resulting in a turnover of Rs. 1.73 Arba. The market capitalization stood at Rs. 30.13 Kharba, with a float market capitalization of Rs. 10.61 Kharb.

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  • A stock related discussion forum for Nepal

    A stock related discussion forum for Nepal


    New to the community but just wanted to know what if it is worth creating a stock and investment related discussion forum. Of course there is reddit and this is a large enough community and then there are a number of facebook groups as well but how about creating a separate community that will include only the serious participants of the stock market in Nepal?

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    Please feel free to provide pros, cons, suggestions, feedbacks, and anything that helps. Just don’t want to reinvent the wheel if there is no long term value on that.

    View on r/NepalStock by CAKaiLAW

  • Insider Trading in Nepal is rampant! Is SEBON finally waking up?

    Insider Trading in Nepal is rampant! Is SEBON finally waking up?


    How do your see the current news about the illegal trading of shares (insider trading) of Ridi Power Company Ltd?

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    Ref: [https://www.onlinekhabar.com/2022/12/1233241](https://www.onlinekhabar.com/2022/12/1233241)

    View on r/NepalStock by CAKaiLAW

  • conmodity market legal or illegal in nepal .

    conmodity market legal or illegal in nepal .


    Title

    View on r/NepalStock by Temporary_Age_7393

  • Any resources on eligibility criteria for a company to issue an IPO in Nepal?

    Any resources on eligibility criteria for a company to issue an IPO in Nepal?


    Title.

    View on r/NepalStock by dazedandconsfeud

  • Last Day to Claim CZBIL Dividend Reminder

    Last Day to Claim CZBIL Dividend Reminder


    Citizens Bank International Limited (CZBIL) is set to hold its 17th Annual General Meeting (AGM) on September 26, 2080, in Amritbhog, Kalikasthan, Kathmandu, starting at 11 a.m. During this meeting, among other things, they will approve a 5.79% cash dividend for the fiscal year 2079/80. This decision was made during the 428th meeting of the Board of Directors on August 15th, where they decided to distribute a cash dividend of Rs. 82.21 Crores from their paid-up capital of Rs. 14.20 Arba. Today is the last day to claim this dividend, so make sure to do so if you’re a shareholder.

     

  • Petroleum Product Prices Rise, LP Gas Up by Rs 215

    Petroleum Product Prices Rise, LP Gas Up by Rs 215


     

    The Nepal Oil Corporation (NOC) has announced a midnight price hike for various fuels. In a recent statement, NOC revealed that petrol prices will increase by Rs 2 per liter, while diesel and kerosene will go up by Rs 6 per liter. Additionally, the cost of aviation fuel will rise by Rs 8 per liter.

    Furthermore, the price of liquefied petroleum (LP) gas will experience a substantial increase of Rs 215 per cylinder, making the new price for an LP gas cylinder Rs 2,110.

     

  • NIBL Pragati Fund Distributes 6.8% Cash Dividends to Unitholders’ Bank Accounts

    NIBL Pragati Fund Distributes 6.8% Cash Dividends to Unitholders’ Bank Accounts


    NIMB Ace Capital Limited has distributed a 6.8% cash dividend from the “NIBL Pragati Fund (NIBLPF)” directly to the unit holders’ bank accounts. They have also encouraged unit holders to convert their shares into dematerialized form.

    This distribution represents the 6.8% return for the fiscal year 2079/2080, with the fund initiating deposits into beneficiaries’ accounts from the 12th of Ashwin, 2080. The company emphasizes that all unit holders should verify the return in their beneficiary accounts.

    Furthermore, they have urged unit holders to update their bank information in the Demat account to ensure the smooth receipt of dividends. For eligible investors who have taken loans against the company’s shares, it’s essential to provide a No Objection Letter from their lending institution to receive the dividend.