Prime
Need Advice on Selling Prime Bank IPO Shares and Taxes on Bonus Shares
I have a bit of a financial situation and could use some guidance. So, my father purchased IPO shares of Prime Bank a while back, and now I’m considering selling them. However, I have a question regarding the bonus shares we received and the potential tax implications. Can anyone shed some light on this? View […]
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Prime Commercial Bank Limited (PCBL) Initiates Auction of 351,817 Units of Promoter Shares to General Public
Prime Commercial Bank Limited (PCBL) has announced the commencement of an auction where the existing promoters of the bank will be selling 351,817 units of promoter shares to the general public. The auction will take place from 3rd Jestha to 17th Jestha, 2080. The auction is open to individual investors, companies, and institutions who are […]
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NEPSE Index Records Weekly Loss
The NEPSE Index, the stock market index of Nepal, concluded the week at a level of 1,838.59, representing a loss of 31.14 points or 1.67%. This decrease follows a similar 1.67% decline from the previous week when the index closed at 1,869.73. Throughout the week, the index displayed volatility, with a high of 1,872.22 and […]
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NEPSE fell by 0.77%; Naasa Securities is the top buyer and seller broker (Weekly NEPSE Summary With Technical Analysis).
This week’s NEPSE index finished at 1,889.76, a decrease of 14.64 points (0.77%). Last week, the index finished at 1,893.33, down 1.55% from the previous week. This week, the index reached a high of 1,913.05 and a low of 1875.37, resulting in a volatility of 37.68 points. The prior week’s volatility on the index […]
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PLIC and ULI Promoter Shares Converted; Promoter-Public Shareholding Ratio Changed To 51: 49
Prime Life Insurance Company Limited (PLIC) unit promoter shares have been converted to ordinary shares, bringing the company’s promoter-to-public share ratio to 51: 49. The company currently has 3,14,09,657 unit shares listed on NEPSE.Similarly, the shareholding structure of 60% promoters and 40% public has been altered to 51% promoter shares and 49% public shares. […]
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The deadline for life and non-life insurance companies to raise capital to Rs 5 billion has passed.
On the 10th of Chaitra 2078, the Nepal Insurance Authority directed that life insurance businesses have a minimum paid-up capital of Rs. 5 Arba. The Insurance Board also encouraged non-life insurance companies to increase their paid-up capital to Rs. 2.5 Arba by the end of Chaitra 2079.
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NEPSE Ends the Week with a 1.55% Loss with a Turnover of Rs 4.6 Arba.
This week’s NEPSE index finished at 1,904.40, a loss of 30.07 points (1.55%). Last week, the index finished at 1,934.47, up 3.63% from the previous week. This week, the index reached a high of 1,944.58 and a low of 1893.33, resulting in a 51.25 point volatility. The prior week’s volatility on the index was 148.11 […]
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From the 21st Chaitra, Prime Commercial Bank will auction 9,00,000 units of promoter shares to the general public and institutions.
The existing promoters of Prime Commercial Bank Limited are auctioning off 9,00,000 units of promoter shares to the general public from the 21st Chaitra to the 29th Chaitra, 2079. A total of 9,00,000 promoter shares will be auctioned off. Individual investors, businesses, and institutions can all bid in an auction. The minimum bid is Rs. […]
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9% of the promoter shares of Prime Life Insurance Company are converted into public shares.
Prime Life Insurance Company Limited (PLIC) has announced a change in its promoter to public shareholding ratio. On the 24th Poush, 2079, the company held its 15th AGM. The AGM approved the board’s proposal to change the promoter/public share ratio of the company from 60:40 to 51:49. The company has now informed that if […]
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Gurans Laghubitta and Prime Commercial Bank Bonus Shares Are Finally Listed on the NEPSE
Gurans Laghubitta Bittiya Sanstha Limited (GLBSL) has listed 39,000 Units Bonus Shares on NEPSE. The board of directors decided to distribute the dividend from the paid-up capital of Rs. 9.75 crores at its 117th meeting on Mangsir 27. The company proposed and distributed a 4% bonus share and a 0.210526% cash dividend. As a […]
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