In the first eleven months of the fiscal year 2079/80, non-life insurance companies in Nepal collected an impressive amount of Rs. 36.19 Arba in premiums from 25.37 lakh active insurance policies. According to a report from the Nepal Insurance Authority, Siddhartha Premier Insurance holds the most active policies at 313,602, followed by Sagarmatha Lumbini […]
The Securities Board of Nepal (SEBON) has given its approval for the “Himalayan 80-20” mutual fund scheme, which is valued at Rs 1 Arba. This closed-end scheme will offer 10 crore unit shares with a par value of Rs 10 per share. The scheme is sponsored by Himalayan Bank Limited (HBL) and managed by
According to the Nepal Insurance Authority (NIA), the number of life insurance policies taken by individuals working abroad has increased by a significant 80.68 percent within a year. From Jestha 2079 to Jestha 2080, the number of life insurance policies subscribed for foreign employment rose from 876,541 to 1,583,746. Overall, there has been growth
The Board of Directors (BOD) meeting of the Nepal Stock Exchange (NEPSE) held this morning was unable to finalize the membership of seven new brokerage companies. The meeting, as confirmed by Company Secretary and Information Officer Murahari Parajuli, did not reach a decision on the discussed agendas.
.Today, the NEPSE index ended at 2,049.44, experiencing a decline of 39.26 points compared to the previous trading day. This translates to a loss of 1.88%. Yesterday, the index had gained 12.73 points. The trading day started with an opening of 2,090.38 and reached a high of 2,101.59 during intraday trading. However, it also
The Securities Board of Nepal (SEBON) has taken several decisions regarding the public issue of Ghorahi Cement Industry Limited based on the findings of an investigation committee. It has been observed that certain investors applied for a significant number of shares without having sufficient funds in their bank accounts. These applicants, who are unrelated to
SEBON Adds “9% Nabil Debenture 2087” to Pipeline with Rs 3 Arba Size SEBON, the Securities Board of Nepal, has included “9% Nabil Debenture 2087” in its pipeline. The debenture has a total size of Rs 3 Arba. Nabil Bank Limited will issue 30 lakh units of debenture at Rs 1000 per unit. Out
NLG Insurance Company has received permission from the Nepal Insurance Authority (NIA) to issue 66% right shares. The company’s board meeting, held last Friday, approved the decision for capitalization. NLG Insurance will now seek approval from the Securities Board of Nepal (SEBON) for the rights issuance. Once SEBON grants permission, the company will distribute
According to Giriraj Dahal, Head of Supervision at NEPSE, ten new brokerage houses have been granted preliminary licenses by the Nepal Stock Exchange. Dahal also mentioned that KBL Securities Limited has not applied for membership at NEPSE.
The Board of Directors of Nepal Stock Exchange (NEPSE) has planned a meeting for Wednesday morning. The meeting will cover important topics such as granting final approval to seven broker companies and deciding on the operational details of the NEPSE-30 index. Murahari Parajuli, the Company Secretary and Information Officer at NEPSE, confirmed these agendas
SEBON Approves IPO Issue of 5 Companies; Hathway Investment Nepal to Raise Rs. 14.62 Crores The Securities Exchange Board of Nepal (SEBON) has given its approval for the initial public offering (IPO) of five different companies. One of them, Hathway Investment Nepal Limited, plans to issue 29.25 lakh shares at a par value of
Nepal Rastra Bank (NRB) has responded to the accumulation of excess liquidity in the banking system by issuing another reverse repo. After previously issuing reverse repos on two separate occasions, NRB has now introduced Rs. 20 Arba on Tuesday. The reverse repo is a monetary tool utilized to absorb surplus liquidity and bring stability
