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United Mewa Khola Hydropower Enters IPO Agreement with Citizens Capital for “Mewa Khola Jalbidhyut Ayojana” Project”

Earnmoney.com.np / January 2, 2024

In a ceremony held at Dillibazar, Kathmandu, United Mewa Khola Hydropower Limited officially entered into an Initial Public Offering (IPO) Issue Management Agreement with Citizens Capital Limited. The agreement, signed by Mr. Aashish Thapa, the Executive Chairman of United Mewa Khola Hydropower Limited, and Mr. Sabir Bade Shrestha, the CEO of Citizens Capital Limited, outlines […]

NEPSE NEWS

CLI Proposes Inaugural Dividend of 5.2632% Following NEPSE Listing

Earnmoney.com.np / January 2, 2024

Citizen Life Insurance Company Limited (CLI) is planning to issue its inaugural dividend of 5.2632% for the fiscal year 2079/80, following its recent listing on the Nepal Stock Exchange (NEPSE). The decision was made during the 97th board of directors meeting on Poush 16, where a dividend distribution of 5% in bonus shares and 0.2632%

Dividend

Book Closure Alert: Five Companies Set to Distribute Dividends, Shareholders Urged to Act Before Deadline

Earnmoney.com.np / January 2, 2024

Five companies are closing their books tomorrow for shareholders to qualify for declared dividends, and today is the last day for shareholders to secure their entitlement. Kalika Power Company Limited (KPCL) has announced a book closure date of Poush 18 for shareholders to qualify for the proposed 10.5263% dividend, as decided in the company’s Annual

IPO | FPO

Sarbottam Cement Reports 55.61% Dip in Q4 Net Profit, Unveils IPO Plans Amid Financial Update

Earnmoney.com.np / January 2, 2024

Sarbottam Cement Limited has recently unveiled its financial performance for the fourth quarter of the fiscal year 2079/2080, revealing a significant 55.61% decline in net profit. The company’s net profit contracted from Rs. 46.76 crores in the corresponding quarter of the prior year to Rs. 20.75 crores in Q4, 2079/2080. Concurrently, the core business revenue,

Gold | Silver | Forex

Gold Prices Surge by Rs. 500 per Tola, Silver also Witnesses Increment in Nepal

Earnmoney.com.np / January 2, 2024

The cost of the valuable yellow metal has risen by Rs. 500 per tola today when compared to the trading price on Monday. As reported by the Federation of Nepal Gold and Silver Dealers’ Association (FENEGOSIDA), the present rate for fine gold is Rs. 1,21,000 per tola, marking a Rs. 500 increase from Monday’s trading

Business | Market | Economy, IPO | FPO

Sarbottam Cement Announces IPO for Industry-Affected Locals and Foreign Nepalese Immigrants, Following Successful QII Allotmen

Earnmoney.com.np / January 2, 2024

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

NEPSE NEWS

Everest Bank Limited Lists 1,06,98,094.44 Bonus Shares on NEPSE Following AGM Approval

Earnmoney.com.np / January 1, 2024

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

Dividend

Singati Hydro Energy Limited Announces Book Closure Date for 100% Right Share Issuance

Earnmoney.com.np / January 1, 2024

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

NEPSE NEWS

NEPSE Index Records Marginal Decline, Market Highlights and Sectoral Trends

Earnmoney.com.np / January 1, 2024

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

Dividend

Ghalemdi Hydro Limited Successfully Concludes 200% Right Share Offering to Fund Chujung Khola Hydropower Project Acquisition

Earnmoney.com.np / January 1, 2024

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

Dividend

Ghalemdi Hydro Limited Concludes 200% Right Share Issuance for Chujung Khola Project Investment

Earnmoney.com.np / December 29, 2023

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

Gold | Silver | Forex

Gold Prices Experience a Significant Drop of Rs. 1,300 per Tola, Silver Rates Decline as Well

Earnmoney.com.np / December 29, 2023

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