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The Insurance Authority has issued a list of new arrangements and instructions to microinsurance companies.

Earnmoney.com.np / April 10, 2023

The Insurance Authority has recently prioritized working with micro-insurance companies. The authority recently granted licenses to seven new microinsurance companies. Previously, the Nepal Insurance Authority issued a notice inviting applications from companies interested in operating a micro-insurance company in Nepal. Similarly, three micro life insurance companies and four micro non-life insurance companies were chosen […]

Dividend

NMB Bank has completed the sale of its 10.75% -2089/2090 NMB Debenture.

Earnmoney.com.np / April 10, 2023

NMB Bank Ltd issued 40 lakh units of Debenture totaling Rs. 4,00,00,00,000 under the issue and sales management of NIBL Ace Capital Limited (Four Arba Rupees Only). The debenture has a 10-year term and pays 10.75% interest per year. The “NMB Debenture 10.75% – 2089/2090” issue was opened on 2079/12/21, was oversubscribed in 4 days,

Business | Market | Economy

Mirmire Laghubitta (MMFDB) and Nerude Laghubitta (NLBBL) Call for Baisakh 10 SGM to Approve Merger

Earnmoney.com.np / April 9, 2023

The Special General Meeting (SGM) of Mirmire Laghubitta Bittiya Sanstha Limited (MMFDB) and Nerude Laghubitta Bittiya Sanstha Limited (NLBBL) has been scheduled for 10th Baisakh, 2080. The MMFDB meeting will be held at Hotel Sarathi in Dhulikhel, while the NLBBL meeting will be held at Udhyog Sangathan Morang in Biratnagar. The MMFDB meeting will

Business | Market | Economy

“Siddhartha Investment Growth Scheme 3” Public Offering

Earnmoney.com.np / April 9, 2023

Siddhartha Capital Limited is launching the closed-end mutual fund scheme “Siddhartha Investment Growth Scheme 3” today, on the 26th Chaitra, and will close on the 29th Chaitra, 2079. If the issue is not fully subscribed by the early closing date, it may be extended until Baisakh 10. 10%, or 1.2 crore units worth Rs. 12

Business | Market | Economy

Through its new extension counter, Nepal Investment Mega Bank now serves Belbari in Morang.

Earnmoney.com.np / April 9, 2023

On Chaitra 24, 2079, Nepal Investment Mega Bank opened its new extension counter at Belbari nagarpalika-9 Dangihat in Morang. According to a media statement, the latest facility was jointly inaugurated by Koshi province head of the bank Mr. Rajeev Gajurel and Nagarpalika mayor Mr. Dil Prasad Rai during a program. The bank’s network currently

Business | Market | Economy

Ganapati Laghubitta calls the 6th AGM and approves all financial reports.

Earnmoney.com.np / April 9, 2023

Ganapati Laghubitta held its 6th AGM on Chaitra 25, 2079, under the chairmanship of Ms. Archana Pradhan. According to the media statement, the AGM approved all fiscal and other reports presented by microfinance officials.

Dividend

For Fiscal Year 2078/79, Samudayik Laghubitta increased the dividend rate to 15%.

Earnmoney.com.np / April 9, 2023

For the fiscal year 2078/79, Samudayik Laghubitta Bittiya Sanstha Limited (SLBSL) has reduced the dividend percentage from 21.05263% to 15%. Previously, from the paid-up capital of Rs. 13.20 crores, 10% bonus shares worth Rs. 1.32 crores and 11.05263% cash dividend (tax purposes) worth Rs. 1.45 crores were proposed.

Business | Market | Economy

Mutual Fund Scheme of Global IME Capital "

Earnmoney.com.np / April 9, 2023

The Securities Exchange Board of Nepal (SEBON) has recently added “Global IME Samunnat Yojana -II” to its latest list of mutual fund scheme pipeline status. The Global IME Samunnat Yojana-II will have a fund size of Rs. 1.2 Arba divided into 12 Crore units with a par value of Rs.10 each. On Chaitra 19,

IPO | FPO

Sanima Middle Tamor Hydropower IPO shares are now listed on the NEPSE.

Earnmoney.com.np / April 9, 2023

Sanima Middle Tamor Hydropower Limited (TAMOR) has listed 33,325,000 unit IPO shares on NEPSE. This includes promoter shares as well as shares issued to the general public and project-affected locals. The initial transaction price range is Rs. 98.43 to Rs. 295.29. If the company signs the agreement with NEPSE, the IPO shares will trade in

NEPSE NEWS

Ngadi Group Power and Shree Investment Company are both listed on the NEPSE.

Earnmoney.com.np / April 9, 2023

NEPSE has listed 8,39,482.225 unit bonus shares of Ngadi Group Power Limited (NGPL). On the 25th of Falgun, the hydropower company held its 9th AGM and approved a 5% dividend for fiscal year 2078/79. On Falgun 1, the board of directors decided to distribute the dividend on the paid-up capital of Rs. 1.76 Arba.

NEPSE NEWS

The NEPSE Index falls by double digits on the first trading day of the week, closing at 1,838.48.

Earnmoney.com.np / April 9, 2023

The NEPSE index closed at 1,838.48 today, down 28.31 points from the previous trading day’s close. This is a 1.52% decrease. Last Thursday, the index fell 8.28 points. The index began the day at 1,867.47 and reached an intraday high of 1,869.43. In contrast, it dropped as low as 1,833.68 before closing at 1,838.48.

Business | Market | Economy

From Baisakh 04, Menchhiyam Hydropower will issue 934,915 unit IPO shares to the general public.

Earnmoney.com.np / April 7, 2023

Menchhiyam Hydropower Limited has issued an offer letter to the general public in preparation for its Initial Public Offering (IPO). From the 4th of Baisakh, 2080, the company will issue 934,915 unit shares with a face value of Rs 100. The company expects to earn Rs 9.34 crore from this IPO. This issue’s early