Tag: o

  • SEBON has finally approved Ghorahi Cement Industry’s IPO proposal.

    SEBON has finally approved Ghorahi Cement Industry’s IPO proposal.


     

    The Securities Exchange Board of Nepal (SEBON) has authorized Ghorahi Cement Industry Limited’s proposed initial public offering (IPO) on Baisakh 06, 2080.

    The corporation will now distribute 7,943,801 unit shares. A total of 3,97,190 unit shares are reserved for project-affected locals, while the remaining 75,46,611 unit shares are designated for the general public. The IPO would be issued by the corporation by adding a premium of Rs 300 to the face value of Rs 100, for a total of Rs 400 for project-affected people. Similarly, shares for the general public will be issued at Rs 435 after a premium of Rs 345 is added to the face value.

     

  • Nepal Investment Mega Bank Earns Rs 3.04 Arba in Net Profit in Q3

    Nepal Investment Mega Bank Earns Rs 3.04 Arba in Net Profit in Q3


     

    Nepal Investment Mega Bank Limited (NIMB) has released its third-quarter report for fiscal year 2079/80, which shows a 22.96% increase in net profit. In the third quarter of fiscal year 2079/80, the bank’s profit grew to Rs 3.046 arba. Following the merger, the bank has a total paid-up capital of Rs. 34.12 Arba, reserves of Rs. 23.89 Arba, retained earnings of Rs 1.27 Arba, and a share premium of Rs 20.78 Crore.

     

  • Everest Bank’s Q3 Highlights: Net Profit Increases by 62.63%, NII Stands at Rs 5.58 Arba &amp

    Everest Bank’s Q3 Highlights: Net Profit Increases by 62.63%, NII Stands at Rs 5.58 Arba &amp


     

    Everest Bank Limited (EBL) has released its third-quarter report for fiscal year 2079/2080, which shows a 62.63% increase in net profit. The net profit of the bank has improved from Rs. 1.51 Arba in the third quarter of fiscal year 2078/2079 to Rs. 2.46 Arba in the third quarter of fiscal year 2079/2080.

    After PL Appropriation and Regulatory Adjustments, the bank’s distributable profit in the same period is Rs 3.36 arba.

     

  • Imports and exports both fell in the first nine months of fiscal year 1979/80.

    Imports and exports both fell in the first nine months of fiscal year 1979/80.


     

    The foreign trade figures for Nepal for the first nine months of fiscal year 2079/80 have been released. According to government data released on Thursday, Nepal’s trade deficit reduced by 17.06 percent to Rs. 10.83 Kharba from Rs. 13.06 Kharba the previous year.

     

  • Reminder! Last Day to Claim Asian Life Insurance Company’s Dividend

    Reminder! Last Day to Claim Asian Life Insurance Company’s Dividend


     

    Today is the last day to claim the Asian Life Insurance Company Limited (ALICL) dividend.

    The corporation has scheduled its 15th Annual General Meeting for the 18th of Baisakh, 2080. The meeting will begin at 11:30 a.m. that day in Hotel Classic Simara, Bara.

     

  • Chhyangdi Hydropower Company Approves 100% Right Shares Offering

    Chhyangdi Hydropower Company Approves 100% Right Shares Offering


     

    Chhyangdi Hydropower Company Limited (CHL) has scheduled its 9th Annual General Meeting (AGM) for the 28th of Baisakh, 2080. The conference would begin at 11 a.m. that day in Agrawal Bhawan, Kamalpokhari, Kathmandu.

     

  • Market Roundup: NEPSE Increases in the Double Digits With Rs 87.21 Crores in Volume

    Market Roundup: NEPSE Increases in the Double Digits With Rs 87.21 Crores in Volume


     

    The NEPSE index closed at 1,920.12 today, up 15.13 points from the previous trading day’s close. This represents a 0.79% increase. Yesterday, the index fell 3.07 points.

    Today, the index began at 1,903.36 and closed at 1,903.28. In contrast, it reached a high of 1,924.40 before settling at 1,920.12.

  • Arun Valley Hydropower seeks Electricity Regulatory Commission approval to issue 100% right shares.

    Arun Valley Hydropower seeks Electricity Regulatory Commission approval to issue 100% right shares.


     

    Arun Valley Hydropower Development Company Limited (AHPC) intends to give its shareholders 100% rights shares.

    The board of directors proposed at its meeting on Baisakh 06 to issue right shares in the ratio of 1:1, i.e. 18,679,626 right shares of Rs. 100 par value worth Rs 1.86 arba, so that the company can invest 50% of the issued right share amount, i.e. 93,39,813 unit right shares worth Rs 93.39 crore, in the Likhu Khola Hydropower Project (30 M.W.) promoted by PK Hydropower Pvt. The remaining 93,39,813 unit shares, valued at Rs 93.39 crore, will be utilized to repay the company’s loan for the Kabeli ‘B’-1 Cascade Hydropower Project in Panchthar.

     

  • Ridi Power Company Receives Electricity Regulatory Commission Approval to Issue 50% Right Shares

    Ridi Power Company Receives Electricity Regulatory Commission Approval to Issue 50% Right Shares


     

    The Electricity Regulatory Commission (ERC) has approved Ridi Power Company (RIDI) to issue a 1: 0.50 right offering.

    The board of directors suggested on the 4th of Magh, 2079, to issue 50% right shares on the paid-up capital after adjusting 40% bonus shares for the fiscal year 2078/79, i.e. Rs. 1,54,89,01,200. The company’s paid-up capital will grow to Rs. 2.32 Arba following the adjustment of the proposed right share, i.e. 77,44,506 units. Furthermore, the ERC has granted the business permission to include the appropriate share-related topic in i

     

  • Menchhiyam Hydropower IPO has raised Rs. 92.58 crores as of the third day.

    Menchhiyam Hydropower IPO has raised Rs. 92.58 crores as of the third day.


     

    CDS & Clearing Limited (CDSC) has submitted the statistics of Menchhiyam Hydropower Limited’s public IPO collecting as of 10 a.m. today, Baisakh 06.

    Since the 4th of Baisakh, 2080, the corporation has been issuing 934,915 unit shares of Rs 100 face value as an Initial Public Offering to the general public. This issue’s early closure date is the 7th Baisakh, and if it is not completely subscribed, it can be prolonged until the 19th Baisakh, 2080.

  • Increased Impairment Charges Contributed to 8.81% RSDC Laghubitta’s net profit falls in the third quarter; NPL rises to 1.37%

    Increased Impairment Charges Contributed to 8.81% RSDC Laghubitta’s net profit falls in the third quarter; NPL rises to 1.37%


    RSDC Laghubitta Bittiya Sanstha (RSDC) has released its third-quarter report for FY 2079/2080, which shows an 8.81% decrease in Net Profit. According to the company’s report, net profit fell to Rs. 8.69 crores from Rs. 9.43 crores in the previous year’s similar period.

    The company’s distributable profit after PL Appropriation and Regulatory Adjustments was Rs 5.63 crores in the third quarter.

    On the other hand, the company’s borrowings climbed by 32.42% to Rs. 5.93 Arba, up from Rs. 4.47 Arba in the same quarter last year. In this quarter, the company’s loans and advances to cooperatives climbed by 24.60% to Rs. 6.71 Arba.

  • From today, City Hotel Limited will close its initial public offering (IPO) for Nepalese working abroad.

    From today, City Hotel Limited will close its initial public offering (IPO) for Nepalese working abroad.


    City Hotel Limited is ending the issue of 1,67,400 unit shares of Rs 100 face value to Nepalese citizens working abroad today, on the 5th Baisakh, 2080. The issue debuted on Chaitra 21, 2079.

    Similarly, on the 25th of Baisakh, 2080, the corporation would issue 13,55,940 unit shares with a face value of Rs 100 to the general public. This issue’s early closure date is on 28th Baisakh, and if it is not completely subscribed, it can be prolonged until 8th Jestha, 2080.

    Out of the total 16,74,000 units, 10%, or 1,67,400 units, have been set aside for Nepalese residents working abroad, 4%, or 66,960 units, have been put aside for the company’s workers, and 5% of the total given have been set aside for the general public.