Tag: Promoter

  • “ICRA Nepal Gives Unitech Hydropower B+ Issuer Rating Signaling High Default Risk”

    “ICRA Nepal Gives Unitech Hydropower B+ Issuer Rating Signaling High Default Risk”


     

     

    ICRA Nepal Limited has given Unitech Hydropower Company Limited an issuer rating of [ICRANP-IR] B+. This rating signifies that Unitech Hydropower Company Limited carries a high risk of not meeting its financial obligations on time. It’s essential to understand that this rating is a general assessment of the company’s creditworthiness and is not tied to any specific debt instrument.

    For these rating categories, ranging from [ICRANP-IR] AA to [ICRANP-IR] C, a plus (+) or minus (-) sign may be added to indicate their position within the category. In this case, [ICRANP-IR] B+ is slightly better than [ICRANP-IR] B, while [ICRANP-IR] B- is slightly lower than [ICRANP-IR] B.

  • “NEPSE Index Drops 0.32% with Rs. 79.68 Crores Turnover; NMBMF in Positive Circuit”

    “NEPSE Index Drops 0.32% with Rs. 79.68 Crores Turnover; NMBMF in Positive Circuit”


    In today’s trading on the Nepal Stock Exchange (NEPSE), the index closed at 1,961.37 points, showing a slight decrease of 6.45 points or 0.32% compared to the previous day. Yesterday, the index had gained 7.04 points.

    The trading day started with the index opening at 1,966.8 and reached a high point of 1,974.11 during the day. However, it also dipped to an intraday low of 1,954.19 before settling at the closing value of 1,961.37.

    Throughout the trading session, there were a total of 277 stocks exchanged in 25,227 transactions, with a substantial volume of 2,480,929 shares traded, resulting in a turnover of Rs. 79.68 Crores. The market capitalization was recorded at Rs. 29.36 Kharba, while the float market capitalization stood at Rs. 10.33 Kharba.

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  • “Mai Khola Hydropower Calls AGM on 9th Ashwin to Discuss 100% Right Shares Issuance”

    “Mai Khola Hydropower Calls AGM on 9th Ashwin to Discuss 100% Right Shares Issuance”


     

    Mai Khola Hydropower Limited (MKHL) has scheduled its Annual General Meeting (AGM) for the 9th of Ashwin, 2080. The meeting will take place at Lord Party Venue in Dhumbarahi, Kathmandu, commencing at 9 a.m.

    The AGM’s agenda includes the following items:
    1) Approval of the financial reports for the fiscal year 2079/80.
    2) Endorsement of the auditor’s report, including PL statements, financial reports, and cash flow reports.
    3) Confirmation of the auditor’s appointment for the fiscal year 2080/81.
    4) Ratification of decisions and actions taken by the Board of Directors.
    5) Authorization to issue 100% right shares from the current paid-up capital of Rs. 31.21 Crores.
    6) Consideration of changing the company’s location.
    7) Amendment of the Articles of Association following an increase in the authorized, issued, and paid-up capital of the company.
    8) Miscellaneous matters.

  • “Last Two Days to Apply for Api Power Company’s 1:0.40 Right Shares”

    “Last Two Days to Apply for Api Power Company’s 1:0.40 Right Shares”


     

    The rights issue began on the 31st of Shrawan and is set to conclude tomorrow, the 19th of Bhadra, 2080, at the close of banking hours.

    The company’s current paid-up capital is Rs. 4.13 Arba, and it will rise to Rs. 5.78 Arba after the proposed rights issue. In this new offering, the hydropower company will distribute rights at a ratio of 1:0.40, resulting in a total of 1 crore 65 lakh 33 thousand 137 right shares with a face value of Rs. 100 each.

    The Securities Board of Nepal (SEBON) approved the issuance of these rights shares on Ashad 6. The company had formally applied for permission from the board on the 6th of Chaitra.

    Laxmi Capital Markets Limited has been appointed as the issue manager for this rights offering.

  • “NMB Bank Offers Rs 100 Cashback on Debit Card Transactions”

    “NMB Bank Offers Rs 100 Cashback on Debit Card Transactions”


     

    Customers can earn a cashback of NPR 100 when they choose to make swift and secure ATM withdrawals or transactions using Point of Sale (POS) terminals. This special offer is available for a limited time.

    NMB Bank has received the esteemed “Bank of the Year Asia 2021” award from ‘The Banker Magazine’ of The Financial Times in London. The bank has also won the Bank of the Year title in 2017, 2018, 2020, and 2021. NMB Bank offers its services through 201 branches, 144 ATMs, and 12 extension counters.

  • “NEPSE Gains 7.04 Points; ILI Tops Turnover”

    “NEPSE Gains 7.04 Points; ILI Tops Turnover”


    In today’s Nepal Stock Exchange (NEPSE) trading session, the NEPSE Index ended at 1,967.83 points, showing a slight increase of 0.35% or 7.04 points from the previous day when it had dropped by 29.81 points. The day began with the index starting at 1,960.79 and reaching its highest point at 1,977.96. However, it also hit an intraday low of 1,946.62 before ultimately closing at 1,967.83.

    Throughout the day, there were 270 scrips exchanged in 32,533 transactions, with a significant share volume of 3,432,267, resulting in a total turnover of Rs. 1.09 Arba. The market’s capitalization was at Rs. 29.45 Kharba, with a float market capitalization of Rs. 10.37 Kharba.

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  • “Nepal Airlines Adds Bangalore Route via Kathmandu”

    “Nepal Airlines Adds Bangalore Route via Kathmandu”


     

    Nepal Airlines, the country’s flag carrier, is planning to launch flights to Bangalore, India, via a layover in Kathmandu. These flights will originate from Gautam Buddha International Airport in Bhairahawa.

    Starting on Jestha 29, Nepal Airlines will operate flights on the Bhairahawa-Kathmandu-Kuala Lumpur route every Tuesday.

    Beginning from Bhadra 12, the airline initiated ticket bookings for flights to Hong Kong and Delhi from Bhairahawa. Passengers can now book tickets for these destinations every Tuesday from Bhairahawa. The airline has expanded its route network to include Bangalore as well.

     

  • “Final Day to Apply for Mathillo Mailung Khola’s IPO for Project-Affected Locals”

    “Final Day to Apply for Mathillo Mailung Khola’s IPO for Project-Affected Locals”


    Mathillo Mailung Khola Jalbidhyut Limited had previously extended the deadline for its IPO shares to project-affected residents of Rasuwa and Nuwakot Districts until Bhadra 17, 2080. The company made this decision due to ongoing heavy rainfall and resulting flooding, which had made it difficult for locals to access banking centers. This extension was granted to accommodate the affected individuals and enable them to participate in the IPO issuance.

     

  • “Himalayan 80-20 Mutual Fund Scheme Receives Strong Demand”

    “Himalayan 80-20 Mutual Fund Scheme Receives Strong Demand”


     

    Himalayan Capital’s mutual fund scheme, Himalayan 80-20, has witnessed significant demand, with applications exceeding the available units by 1.076 times, as reported by the Central Depository System and Clearing Limited (CDSC). The application period ended with more applications than units available.

    By 5:06 p.m. on Friday, the scheme had received applications for 9.14 crores 61 thousand 820 units, while Himalayan Capital had initially issued 85 million units for the public.

    In total, 4 lakh 61 thousand 141 applications were submitted for mutual fund units, resulting in a collection of 1 crore 46 lakh 18 thousand 200 rupees from these applications.

     

  • “ICRA Nepal Rates SY Panel Nepal with BB Issuer Rating, Signifying Moderate Default Risk”

    “ICRA Nepal Rates SY Panel Nepal with BB Issuer Rating, Signifying Moderate Default Risk”


    ICRA Nepal Limited has assigned a credit rating of [ICRANP-IR] BB (pronounced as ICRA NP Issuer Rating double B) to SY Panel Nepal Limited. This rating indicates that SY Panel Nepal Limited carries a moderate risk of not meeting its financial obligations in a timely manner. It’s important to note that this rating reflects a general assessment of the company’s creditworthiness and is not specific to any particular debt instrument.

    For this rating scale, which ranges from [ICRANP-IR] AA to [ICRANP-IR] C, plus (+) or minus (-) signs may be added to the rating symbols to show their relative position within the respective categories. Therefore, [ICRANP-IR] BB+ signifies a slightly higher rating than [ICRANP-IR] BB, whereas [ICRANP-IR] BB- represents a slightly lower rating than [ICRANP-IR] BB.

     

  • “Final Day to Claim Kumari Capital Mutual Fund Dividends”

    “Final Day to Claim Kumari Capital Mutual Fund Dividends”


     

     

    Today marks the final trading day before Kumari Capital’s mutual funds close their books for dividend distribution, with the book closure date set for the 18th of Bhadra. Anyone holding units in these funds until today will be eligible for the cash dividend.

    During their 60th board meeting on the 25th of Shrawan, Kumari Capital Limited decided to allocate a 10% cash dividend for Kumari Equity Fund (KEF) and a 6% cash dividend, including taxes, for Kumari Dhanbriddhi Yojana (KDBY) for the fiscal year 2079/80 to their unit holders.

    In the previous fiscal year, KEF had announced a 5% cash dividend for FY 2078/79. As of the current update, the last traded price (LTP) for KEF stands at Rs. 9.02, while KDBY is at Rs. 8.32.

  • “NEPSE Index Drops 1.49% with Volume at Rs 1.18 Arba; Market Cap at Rs 29.35 Kharba”

    “NEPSE Index Drops 1.49% with Volume at Rs 1.18 Arba; Market Cap at Rs 29.35 Kharba”


     

    In today’s Nepal Stock Exchange (NEPSE) trading, the index closed at 1,960.78 points, which was a 1.49% decrease from the previous day’s close, losing 29.81 points. Last Wednesday, it had dropped by 2.82 points.

    The trading day began with the index opening at 1,990.82 and hitting a high of 1,991.11 at one point. However, it also reached a low of 1,958.83 during the day before settling at the closing value of 1,960.78.

    In today’s trading session, there were 276 stocks traded in 37,041 transactions, with a significant volume of shares totaling 4,053,368. This resulted in a turnover of Rs. 1.18 Arba. The market’s capitalization was Rs. 29.35 Kharba, and the float market capitalization was Rs. 10.34 Kharba.