Tag: Prabhu

  • Prabhu Insurance Company Endorse 5% Dividend for FY 2079/80

    Prabhu Insurance Company Endorse 5% Dividend for FY 2079/80


    Prabhu Insurance Company Limited (PRIN) has announced its 28th Annual General Meeting (AGM) scheduled for the 20th of Baishakh, 2081. The AGM will convene at the Prabhu Complex in Tinkune, Kathmandu, commencing at 10 am on the designated day.

    Among the key agendas on the table, the AGM will endorse a 5% dividend for the fiscal year 2079/80. The decision was made during the 433rd meeting of the board of directors held on Falgun 20. The proposed dividend includes 4.75% bonus shares amounting to Rs. 6.53 crores and 0.25% cash dividend (for tax) totaling slightly over Rs. 34.40 lakhs, based on the paid-up capital of Rs. 1.37 Arba.

    Additionally, the AGM will address crucial matters such as endorsing the auditor’s report along with PL statements, financial reports, and cash flow reports. The appointment of an auditor for the fiscal year 2080/81 and the formation of a board of directors with specific diversity criteria, including the inclusion of at least one female director and one independent director among a total of 7 directors, will also be deliberated.

    The book closure date for shareholders entitled to the dividend payout and AGM participation is set for Baishakh 7, 2081. Investors who maintain shares before this date are eligible for the benefits outlined in the AGM agenda.

    As of the latest update, PRIN’s Last Traded Price (LTP) stands at Rs. 795.00.

  • Prabhu Cable Car kasto company ho? Katai Post dekhidaina

    Prabhu Cable Car kasto company ho? Katai Post dekhidaina


    Hello everyone mobile tira chai message aairakheko xa minimum 1000 kitta 115 ma bharnuparney bhanera but group tira esko charcha kei xaina… Kasto hola yo company ko promoter share. 3 year minimum locked in period ma hunxa

    View on r/NepalStock by Far-Newt-7480

  • Bank of the Year 2023 – Prabhu Bank

    Bank of the Year 2023 – Prabhu Bank


    Secondary Price – 141
    Dividend – 0
    NPL – 4.90

    Top Level management now under investigation for loan fraud.

    😀

    NRB should stop these banks from taking such awards and disallow advertisement of awards by banks.

    View on r/NepalStock by captainright1

  • Promoters Auction Shares: Prabhu Bank (PRVU) and Kumari Bank (KBL) Initiatives for Existing Shareholders

    Promoters Auction Shares: Prabhu Bank (PRVU) and Kumari Bank (KBL) Initiatives for Existing Shareholders


    The current promoters of Prabhu Bank Limited (PRVU) have initiated the auctioning of 7,53,892 unit shares exclusively to its existing promoter shareholders, starting today. Eligible shareholders are invited to participate in the bidding process within 35 days from the publication date of this notice, which is the 11th of Falgun. Bids should be submitted at the central office of the bank situated in Babarmahal, Kathmandu. The closing price of PRVU on the previous day was Rs. 149.40.

    Auction Notice for Kumari Bank Limited (KBL):

    The existing promoter of Kumari Bank Limited (KBL), Ram Kumari Paudel, is putting up 4,115 units of shares for auction to fellow promoter shareholders, effective immediately. Eligible shareholders are urged to submit their bids within 35 days from the publication date of this notice, which is the 11th of Falgun. Bids can be submitted at the central office of the bank in Tangal, Kathmandu, or at Kumari Capital Limited located in Naxal, Nagpokhari, Kathmandu. In the event that no bids are received from existing founder shareholders within the specified timeframe, the shares will be opened for auction to the general public. The closing price of KBL on the previous day was Rs. 145, while KBLPO has a Last Traded Price (LTP) of Rs. 106.00 as of 21st February 2024.

  • 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.

  • Prabhu Capital’s mutual funds announce an increase in Net Asset Value (NAV) and net profit for the month of Mangsir

    Prabhu Capital’s mutual funds announce an increase in Net Asset Value (NAV) and net profit for the month of Mangsir


    “Prabhu Select Fund (PSF)” has released its Net Asset Value (NAV) report for Mangsir, showcasing an increase from Rs. 9.57 to Rs. 10.20 in the fiscal year 2080. This 7-year closed-end scheme, initially starting with a fund size of Rs. 1.25 Arba, has invested in listed shares, public issues, right shares, bonus shares, fixed deposits, and bonds/debentures. The scheme reports a net profit of Rs. 1.99 crores in Mangsir, rebounding from a loss of Rs. 5.87 crores in the previous month.

    Similarly, “Prabhu Smart Fund (PRSF),” a 10-year closed-end scheme with a fund size of Rs. 1 Arba, has published its NAV report for Mangsir. The NAV increased from Rs. 10.14 to Rs. 10.60. Investments in listed shares, public issues, right shares, bonus shares, fixed deposits, and bonds/debentures are noted for this scheme as well. PRSF reports a net profit of Rs. 72.90 Lakhs in Mangsir, recovering from a net loss of Rs. 3.92 Crores in the previous month.

  • Prabhu Mahalaxmi Life Insurance Shares Listed on NEPSE Following Successful Merger

    Prabhu Mahalaxmi Life Insurance Shares Listed on NEPSE Following Successful Merger


    Following the successful merger between Prabhu Life Insurance Limited (PLI) and Mahalaxmi Life Insurance Company Limited, a total of 4,29,60,000 shares of the newly formed entity, Prabhu Mahalaxmi Life Insurance Limited (PMLI), have now been officially listed on the Nepal Stock Exchange (NEPSE). This significant development, sanctioned by regulatory authorities and in compliance with the Securities Listing Regulations of 2075, marks the commencement of the trading of the consolidated shares on the Stock Exchange starting from tomorrow.

    The merger agreement between PLI and Mahalaxmi Life Insurance was formalized on the 29th of Ashad, 2080. Under the terms of the merger, a swap ratio of 1:1 was established. The total listed shares for PLI stood at 21,960,000 units, and Mahalaxmi Life Insurance had 21,000,000 units. Consequently, the merger results in a combined total of 42,960,000 unit shares for Prabhu Mahalaxmi Life Insurance Limited. This consolidation is expected to have implications for the company’s presence and activities in the stock market, reflecting the integration of resources and operations from both entities.

  • Prabhu Bank Limited Initiates Auction of Promoter Shares for General Public and Promoter Shareholders

    Prabhu Bank Limited Initiates Auction of Promoter Shares for General Public and Promoter Shareholders


    The current promoter of Prabhu Bank Limited (PRVU) is initiating an auction of 563,778 units of shares for interested individuals and institutions, starting from the 23rd of Kartik, 2080. These shares will be made available to the general public for bidding in the absence of offers from existing founder shareholders within the specified timeframe. Bidders are required to submit their bids at the company’s central office in Babarmahal, Kathmandu, within 15 days from the publication date of the notice. PRVU is currently trading at an LTP of Rs. 155.40.

    In a separate auction, the existing promoter of Prabhu Bank Limited is also offering 399,710 units of shares to its promoter shareholders, commencing on the same date, the 23rd of Kartik, 2080. Interested promoter shareholders have 35 days from the notice’s publication date to participate in the auction, submitting their bids at the company’s central office. Should no offers be received from existing founder shareholders within the stipulated period, the shares will subsequently be made available for auction to the general public or institutions.

  • Cant find Prabhu life insurance limited (PLI) on tms

    Cant find Prabhu life insurance limited (PLI) on tms


    yeslai sell garna lako katai dekhdina any idea why cant i see?

    View on r/NepalStock by Blxyty

  • Prabhu Bank Auctions 1,52,805 Promoter Shares Starting Today

    Prabhu Bank Auctions 1,52,805 Promoter Shares Starting Today


    The current promoters of Prabhu Bank Limited (PRVU) are offering 1,52,805 promoter shares for auction exclusively to existing promoters, starting today. Eligible shareholders have a 35-day window, starting from the notice publication date of 23rd Ashwin, to submit their auction bids. These bids should be presented at the bank’s central office in Babarmahal, Kathmandu.

    At the time of writing, PRVU has a Last Traded Price (LTP) of Rs. 158.10.

     

  • Prabhu Bank and Kumari Bank Promoter Shares in Auction Today

    Prabhu Bank and Kumari Bank Promoter Shares in Auction Today


     

    Prabhu Bank Limited (PRVU) is offering a unique opportunity for interested individuals and institutions to acquire 20,202 units of promoter shares through a public auction. These shares, previously intended for eligible promoter shareholders, are now available to the general public due to the absence of applications within the initial deadline. Don’t miss out on this chance to become a part of PRVU’s ownership. Submit your bids within the next 15 days from the publication of this notice at the bank’s central office in Babarmahal, Kathmandu, and secure your stake in a growing financial institution. Invest in Prabhu Bank Limited today!

     

  • Prabhu Steels And Hydro Equipment Ltd.

    Prabhu Steels And Hydro Equipment Ltd.


    This company is selling their promoter’s share @ Rs 115/ share. The locking period is 3 years.

    Do you guys have any info about the company? Will it be a good investment?

    Websit: [https://prabhusteel.com/](https://prabhusteel.com/)

    View on r/NepalStock by p_bajra