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Finance Companies’ Net Profit Decreased in Q2; Discover the Performance of the Listed Finance Companies
Finance companies are licensed by the central bank with the goal of providing various banking and financial services to the general public, as the reach of banking and financial services in Nepal remains limited. For the year 2022, NEPSE currently has 15 listed finance companies. To assist enthusiasts in the secondary market, an article has […]
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Increased Operating Expenses Caused a 13.89% Drop in National Hydro Power’s Net Profit for Q2; Company to Issue 50% Right Shares Soon
National Hydro Power Company Limited (NHPC) reported a 13.89% decrease in net profit in the second quarter (Q2) of the current fiscal year 2079/80. Profit decreased to Rs.73.61 Lakhs in this quarter from Rs.85.49 Lakhs in the previous year’s corresponding quarter. NHPC has collected a total of Rs. 5.58 crores in revenue as of […]
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From today, Aatmanirbhar Laghubitta will issue 20,338 unit IPO shares to Nepalese working abroad.
Aatmanirbhar Laghubitta Bittiya Sanstha will issue 20,338 units of IPO shares to Nepalese citizens working abroad beginning today, 16th Magh, and ending on 1st Falgun, 2079. The company’s issued capital is Rs. 6.23 crores, of which 32.625%, or 203,380 unit shares worth Rs. 2.03 crores, have been set aside for the general public. Out of […]
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Last day to claim the proposed dividend by Nerude Laghubitta and Shikhar Insurance Company.
The dividend proposed by Nerude Laghubitta Bittiya Sanstha Limited (NLBBL) and Shikhar Insurance Company Limited expires today (SICL). The 16th Annual General Meeting (AGM) of Nerude Laghubitta Bittiya Sanstha Limited (NLBBL) has been scheduled for the 28th of Magh, 2079. The meeting will begin at 11 a.m. in Morang’s Assembly Hall, Biratnagar-2.
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The ERC has given preliminary approval to Synergy Power Development Company to issue 50% rights.
The Electricity Regulatory Commission has given preliminary approval to Synergy Power Development Company (SPDL) to issue a 2: 1 right offering. On Kartik 17, 2079, the application for the issuance of right shares was submitted to ERC. On Shrawan 24, 2078, the board of directors proposed issuing 50% right shares on the paid-up capital after […]
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The Kalinchowk Darshan IPO will be completed on Thursday at 10 a.m.
Kalinchowk Darshan Limited (KDL) will issue its initial public offering (IPO) on Thursday, March 19, 2079. The allotment program will begin at 10 a.m. on the premises of the issue manager, Nabil Investment Banking Limited. From the 3rd to the 6th of March, the company issued 896,400 units of Rs 100 face value shares […]
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The Finance Ministry is developing an action plan for policy priorities and minimum programs.
The Ministry of Finance has created an action plan to carry out the policy priorities and minimum programs. The action plan, according to the Ministry, includes policies and programs, milestones, resources, time constraints, monitoring and evaluation indicators, and so on. The action plan discusses promoting revenue collection effectiveness, further systematizing the revenue system, and maintaining […]
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Last Day to Apply for Locals IPO of Molung Hydropower Company; Issue Closing Today
Molung Hydropower Company Limited is completing the distribution of 8,02,500 IPO shares to project-affected locals today, on Magh 15, 2079. The issue had begun on the 19th of Poush, 2079. The company’s issued capital is Rs. 80.25 crores, of which 10%, or 8,02,500 unit shares worth Rs. 8.02 crores, have been allocated to project-affected Okhaldhunga […]
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Api Power Company has received preliminary approval from the ERC to issue right shares at a 1:0.40 ratio.
The Electricity Regulatory Commission has given preliminary approval to Api Power Company Limited (API) to issue 16,533,137 units of right shares. On February 2, the board of directors proposed issuing 40% of the paid-up capital in right shares. After adjusting for 7.5% bonus shares, the company’s paid-up capital will be Rs. 4.13 Arba. As a result of the 1:0.40 (40% rights issue), the company’s paid-up capital will be increased to Rs. 5.78 Arba. The company proposed issuing the right shares to pay off the debt of the projects that it is producing.
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Forward Microfinance Laghubitta Pays 5% Cash Dividend to Shareholders’ Bank Accounts
Forward Microfinance Laghubitta Bittiya Sanstha Limited (FOWAD) has begun distributing 5% cash dividends to its shareholders’ bank accounts as of today (15th Magh) and has urged them to dematerialize their shares. On Poush 30, 2079, the company held its 10th AGM for the fiscal year 2078/79. The board of directors approved a 30% dividend for […]
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