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Sarbottam Cement Announces IPO for Industry-Affected Locals and Foreign Nepalese Immigrants, Following Successful QII Allotmen
Sarbottam Cement Limited has issued an offer letter for an Initial Public Offering (IPO) targeting industry-affected locals of Nawalparasi District, mine excavation-affected locals of Palpa District, and Foreign Nepalese Immigrants. The IPO subscription period for the specified groups is set from 25th Poush to 10th Magh, 2080. Notably, if the issue remains undersubscribed for the […]
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Everest Bank Limited Lists 1,06,98,094.44 Bonus Shares on NEPSE Following AGM Approval
A total of 1,06,98,094.44 units of bonus shares from Everest Bank Limited (EBL) have been officially listed on the Nepal Stock Exchange (NEPSE). This follows the company’s 29th Annual General Meeting (AGM) conducted on the 30th of Ashwin, 2080, where a dividend of 20.53% for the fiscal year 2079/80 was approved. During the 357th meeting […]
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Singati Hydro Energy Limited Announces Book Closure Date for 100% Right Share Issuance
Singati Hydro Energy Limited (SHEL) has announced the book closure date for its upcoming issuance of 100% right shares, set for the 22nd of Poush, 2080. Consequently, shareholders holding their positions until Poush 21 will be entitled to participate in the rights offering. The company intends to distribute 100% right shares valued at Rs. 1.45 […]
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NEPSE Index Records Marginal Decline, Market Highlights and Sectoral Trends
The Nepal Stock Exchange (NEPSE) Index registered a decline of 8.75 points, equivalent to 0.42%, compared to the previous day’s closing, concluding at 2,060.15 points. This follows a loss of 1.93 points in the index on the preceding trading day. The day commenced with the index opening at 2072.45 and witnessed fluctuations, reaching an intraday […]
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Ghalemdi Hydro Limited Successfully Concludes 200% Right Share Offering to Fund Chujung Khola Hydropower Project Acquisition
Ghalemdi Hydro Limited (GHL) is currently concluding the offering of its 1:2 ratio right shares to its shareholders, a process that began on the 10th of Mangsir and is scheduled to end today, the 16th of Poush, 2080, by the close of banking hours. In an effort to raise funds, the hydropower company has initiated […]
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Ghalemdi Hydro Limited Concludes 200% Right Share Issuance for Chujung Khola Project Investment
Ghalemdi Hydro Limited (GHL) is set to conclude its issuance of right shares to shareholders at a 1:2 ratio starting from the 16th of Poush. The right shares, offered at a rate of 200%, were made available for subscription from the 10th of Mangsir and will remain open until the 16th of Poush, 2080, closing […]
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Gold Prices Experience a Significant Drop of Rs. 1,300 per Tola, Silver Rates Decline as Well
Today, the price of gold saw a decline of Rs. 1,300 per tola. As reported by the Federation of Nepal Gold and Silver Dealers’ Association’s official website, the current value of fine gold is Rs. 1,20,700 per tola, showing a decrease from yesterday’s rate of Rs. 1,22,000 per tola. Similarly, Tejabi gold is being traded […]
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Finance Minister Optimistic About 6% Economic Growth and Library Society’s Challenges Addressed at Annual Meeting
Finance Minister Dr. Prakash Sharan Mahat expressed optimism about achieving a 6% economic growth rate, attributing it to the gradual recovery of the country’s economy. Speaking at the 20th annual general meeting of the Kathmandu Valley Public Library Society at Bhrikutimandap, Minister Mahat highlighted positive signs such as the increasing number of tourists, rising remittances, […]
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All three mutual fund schemes managed by Kumari Capital have recorded an uptick in Net Asset Value (NAV) as of the end of the month of Mangsir.
Kumari Capital Limited has released the NAV reports for Kumari Equity Fund (KEF), Kumari Dhanabriddhi Yojana (KDBY), and Kumari Sunaulo Lagani Yojana (KSLY) for the month of Mangsir, 2080. Kumari Equity Fund (KEF): Fund Size: Rs. 1 Arba NAV: Rs. 9.99 (Mangsir) | Rs. 9.41 (Previous Month) Investments: Rs. 73.65 crore in listed shares, Rs. […]
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A Parliamentary Committee implements proactive measures to rectify irregularities in IPO premiums, lock-in periods, and enhance transparency in the stock market
In a recent parliamentary committee meeting, concerns were raised about life insurance companies issuing IPO shares at premium prices, potentially above standard values. Allegations of improper premium approvals prompted an investigation into possible misconduct and misuse of authority. Here are the key directives issued by the committee after discussions with relevant authorities: The absence of […]
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