Tag: Shareholder

  • “Final Call: Manakamana Engineering Hydropower IPO Closes Today”

    “Final Call: Manakamana Engineering Hydropower IPO Closes Today”


     

    Manakamana Engineering Hydropower Limited is wrapping up its Initial Public Offering (IPO) for project-affected locals on the 9th of Shrawan. The IPO, which began on the 19th of Ashad, 2080, allocated 10% of the company’s issued capital, amounting to Rs. 8 Crores, to project-affected locals in Dolakha District. Additionally, there will be a public issue of 25% of the company’s capital, with 200,000 unit shares set aside for Nepalese citizens working abroad. The application period for the shares allocated to Nepalese citizens abroad ended on the 2nd of Shrawan, 2080.

     

  • “MKLB Lists 4.75% Bonus Shares on NEPSE”

    “MKLB Lists 4.75% Bonus Shares on NEPSE”


    Manakamana Smart Laghubitta Bittiya Sanstha Limited (MKLB) has recently listed 67,329.11 unit bonus shares on the Nepal Stock Exchange (NEPSE). The company held its 5th Annual General Meeting on Chaitra 16 and approved a 5% dividend amounting to Rs. 70.87 lakhs for the fiscal year 2078/79. During the 79th board meeting on Magh 16, they decided to distribute the dividend on the paid-up capital of Rs. 14.17 crores. The proposed dividend includes 4.75% bonus shares worth Rs. 67.32 lakhs and 0.25% cash dividend worth Rs. 3.54 lakhs.

     

  • “NEPSE Drops 62.85 Points in 2 Days; Closes at 2,164.31 Today”

    “NEPSE Drops 62.85 Points in 2 Days; Closes at 2,164.31 Today”


    The Nepal Stock Exchange (NEPSE) Index had a rough trading session today, closing at 2,164.31 points, which was a decline of 36.19 points or 1.64% compared to yesterday’s close. The index started at 2,202.99 and reached its highest point at 2,206.46 during the day. However, it experienced a downward trend throughout the session, hitting a low of 2,162.55 before settling at 2,164.31 at the end of the day. This follows yesterday’s decline of 26.66 points, making it a challenging period for the market.

     

  • “ICRA Nepal Reaffirms BB+ Issuer Rating for Mid Solu Hydropower, Signaling Moderate Default Risk”

    “ICRA Nepal Reaffirms BB+ Issuer Rating for Mid Solu Hydropower, Signaling Moderate Default Risk”


     

    ICRA Nepal Limited has reaffirmed the issuer rating of Mid Solu Hydropower Limited as BB+, which means they have a moderate risk of default in timely servicing of financial obligations. The rating is an overall opinion on the creditworthiness of the company and not tied to any specific debt instrument.

  • “NLICL Announces 8% Bonus Shares Listed on NEPSE”

    “NLICL Announces 8% Bonus Shares Listed on NEPSE”


     

    National Life Insurance Company Limited (NLICL) has listed 37,12,345.50 unit bonus shares on NEPSE. This decision came after the company’s 35th AGM, where a 14.5% dividend for the fiscal year 2078/79 was approved. The dividend includes 8% bonus shares valued at approximately Rs. 37.12 crores and a 6.5% cash dividend (including tax) worth Rs. 30.16 crores. NLICL’s shares are now available for trading on NEPSE following this development.

  • “PRIN Trading Resumes Post NEPSE Approval”

    “PRIN Trading Resumes Post NEPSE Approval”


    Today, the Nepal Stock Exchange approved the resumption of securities trading for Prabhu Insurance Company Limited (PRIN). The decision came after a delay in providing NEPSE with information about PRIN’s board of directors meeting, where they decided to issue right shares in the ratio 1:0.65 on Ashad 27, 2080.

     

  • “NEPSE Index Plummets by 1.19% to Close at 2200 Levels with Volume of Rs. 4.73 Arba”

    “NEPSE Index Plummets by 1.19% to Close at 2200 Levels with Volume of Rs. 4.73 Arba”


     

    Today, the Nepal Stock Exchange (NEPSE) Index closed at 2,200.50 points, showing a decrease of 26.66 points or 1.19% compared to yesterday’s closing. This decline follows a significant surge of 63.24 points on the previous trading day. The index started the session at 2,227.21 and reached its highest point at 2,243.78 during the day. However, it experienced a downward trend throughout the trading session and touched an intraday low of 2,194.41 before finally settling at 2,200.50 at the end of the day.

     

  • “Nepal’s Trade Deficit Narrows to Rs. 14.54 Kharba in FY 2079/80 with Rs. 16.11 Kharba Total Imports”

    “Nepal’s Trade Deficit Narrows to Rs. 14.54 Kharba in FY 2079/80 with Rs. 16.11 Kharba Total Imports”


     

    Nepal saw a significant improvement in its trade balance in fiscal year 2079/80 as trade deficits decreased by 15.45% compared to the previous year 2078/79. This improvement was mainly due to a sharp decline in imports, which dropped by 16.08% during the same period. The government’s strict measures played a crucial role in reducing imports, and according to the Customs Department’s data, the total imports stood at Rs. 16.11 Kharba in the financial year 2079/80.

     

  • “Narayani Development Bank Q4 Loss: Rs. 2.91 Cr, Net Worth/Share: Rs. 36”

    “Narayani Development Bank Q4 Loss: Rs. 2.91 Cr, Net Worth/Share: Rs. 36”


    Narayani Development Bank Limited (NABBC) has released its fourth-quarter report for the financial year 2079-80, showing a net loss of Rs. 2.91 crores. This marks an improvement compared to the same quarter in the previous financial year (2078-79), where the company had a higher net loss of Rs. 5.42 crores. Notably, the impairment charges have decreased and totaled Rs. 49.83 lakhs up to Q4 of the recently concluded financial year.

  • “Setikhola Hydropower Appoints Kumari Capital as Issue Manager for 60 Lakh Unit Share Float; 20 MW Pokhara Project Set to Operate in 2024”

    “Setikhola Hydropower Appoints Kumari Capital as Issue Manager for 60 Lakh Unit Share Float; 20 MW Pokhara Project Set to Operate in 2024”


    Setikhola Hydropower has selected Kumari Capital as the issue manager to issue 60 lakh unit ordinary shares to the public investors. The memorandum of understanding (MoU) was signed between the CEO of Kumari Capital, Mr. Puspa Sharma, and the chairman of Setikhola Hydropower, Mr. Anup Acharya, during a program, according to the media statement.

     

  • “NRB Requests Media Convention for Monetary Policy 080-81 Announcement Today”

    “NRB Requests Media Convention for Monetary Policy 080-81 Announcement Today”


     

    The Nepal Rastra Bank (NRB) has invited media personnel to attend the announcement of the long-awaited monetary policy 2080-81. The event will be held at 3:00 pm at the Yak and Yeti Hotel in Durbarmarg, with NRB Governor Maha Prasad Adhikari in attendance.

  • “Gold Plummets Rs. 1300 in Two Days; Now at Rs. 112,300 Per Tola”

    “Gold Plummets Rs. 1300 in Two Days; Now at Rs. 112,300 Per Tola”


    Today, the price of gold in the domestic market has dropped by Rs. 500 per tola. Fine gold is now being traded at Rs. 112,300 per tola, compared to yesterday’s rate of Rs. 112,800 per tola. Tejabi gold is also lower today at Rs. 111,750 per tola, while yesterday it was Rs. 112,250 per tola.