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“Synergy Power Development Launches 1:0.5 Right Share Issue Today”
Synergy Power Development Limited (SPDL) has announced the commencement of a new issuance, offering a 2:1 (or 1:0.5) ratio of 4,032,875 units of right shares to its current shareholders. Priced at a par value of Rs. 100 per share, the issuance started on 3rd Bhadra and will continue until the closing date on 24th Bhadra, […]
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“Prabhu Capital Partners with Total Physical Fitness Centre to Offer 28% Discount to Demat Holders”
Prabhu Capital has entered into an agreement with Total Physical Fitness Centre to offer customers a 28% discount and a complimentary sauna coupon. This exclusive deal can be accessed by clients of the merchant bank by providing their demat service number. The Memorandum of Understanding (MoU) was formalized during a ceremony, involving Prabhu Capital’s […]
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“NEPSE Drops 21.99 Points to 2011.14; Market Capitalization at Rs. 30.10 Kharba”
In today’s trading, the Nepal Stock Exchange (NEPSE) Index ended at 2,011.14 points, dropping by 1.08% compared to yesterday. It started at 2,033.2 and reached a high of 2,034.88, but went down to 2,008.03 before settling at the closing value. During the trading session, 269 stocks were traded in 43,591 transactions, with a significant […]
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“Lucky 2,27,662 Applicants Secure 10 Units Each in Manakamana Engineering Hydropower IPO Allotment”
The allocation of IPO shares for Manakamana Engineering Hydropower Limited has been completed today at the B.O.K Capital Markets Limited premises in Kathmandu. The hydropower company offered 2,276,620 shares at a face value of Rs 100 each to the public for subscription from the 28th to the 31st of Shrawan, 2080. Initially, the company […]
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“Garima Bikas Bank Introduces 11.99% Fixed Interest Home and SME Loans”
Garima Bikas Bank has introduced two new loan programs: Garima Easy Home and SME loans, both with a competitive interest rate of 11.99%. Borrowers can benefit from a fixed interest rate of 11.99% over a seven-year term under these new schemes. The bank’s extensive network consists of 121 branches and 50 ATM outlets, […]
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“SEBON Grants Licenses to Five New Brokerage Firms”
The Securities Board of Nepal (SEBON) has recently approved licenses for five new brokerage firms. Sajilo Broker Company Ltd, Roadshow Securities Ltd, and Beni Securities Pvt. Ltd have been granted licenses for limited stock broking services, while Himalayan Securities Ltd and Sunny Securities Company Ltd. have been approved as full operating brokerage service providers. […]
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“Siddhartha Capital Declares Dividends for Mutual Fund Schemes FY 79/80”
During the fiscal year 2079/80, Siddhartha Capital Limited has proposed cash dividends for unitholders of Siddhartha Equity Fund (SEF) and Siddhartha Investment Growth Scheme – 2 (SIGS2), amounting to 5% and 6.5% (including tax) respectively. However, no dividend will be distributed to unitholders of Siddhartha Investment Growth Scheme 3 (SIGS3) during the same period. […]
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“SEED Energy Joins Forces with NMB Capital for IPO Advisory”
SEED Energy Limited, a company supported by SEED Investment Private Limited, has joined forces with Nepal’s renowned merchant bank, NMB Capital Limited. This exciting collaboration marks a significant step as SEED Energy gets ready to introduce its ordinary shares to the public through an Initial Public Offering (IPO). This move is part of SEED […]
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“Nepal’s 2022/23 Macroeconomic and Financial Report Released by Central Bank”
Nepal Rastra Bank has reported that inflation was around 7.74 percent year-on-year. The country’s foreign exchange reserves were at USD 11.74 billion. However, both imports and exports saw declines, with imports dropping by 16.1 percent and exports decreasing by 21.4 percent. This is in contrast to the previous year when imports had increased by […]
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“Upper Tamakoshi Hydropower’s Offer Letter Released for Right Shares Issue Opening on Bhadra 18”
Upper Tamakoshi Hydropower Limited has released an offer letter to introduce its 100% rights shares. As per the publicly disclosed offer letter, the company plans to accept applications for these right shares at a 1:1 ratio, or 100%, from the 18th of Bhadra to the 7th of Ashwin, 2080. The hydropower firm intends to […]
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