Prabhu Capital Limited and Century Capital Markets have officially commenced their joint operation on Jestha 01, 2080, following a successful acquisition. The acquisition was approved by the Office of the Registrar and regulatory bodies, as confirmed through a letter issued on Baisakh 26, 2080. The two companies will now conduct their business together under the […]
Sagarmatha Lumbini Insurance Company Limited (SALICO) has listed 26,226,382 shares on the Nepal Stock Exchange (NEPSE) following a successful merger between Lumbini General Insurance Limited (LGIL) and Sagarmatha Insurance Company Limited (SIC). The merger agreement between SIC and LGIL was signed on 30 Ashad, 2079. The swap ratio for the merger was set at 100:80,
The merger between IME General Insurance Limited (IGI) and Prudential Insurance Company Limited (PICL) has been finalized, with the two companies agreeing to a 1:1 swap ratio and forming a new entity called “IGI Prudential Insurance Limited”. The merger has received final approval from the Nepal Insurance Authority and the Office of the Registrar of
Modi Energy Limited has started offering 55,59,420 unit IPO shares with a face value of Rs 100 to the public, aiming to raise Rs 55.59 crore. The IPO will close on the 24th of Baisakh, and it can be extended up to the 2nd of Jestha, 2080, if it is not fully subscribed. The company
In the third quarter (Q3) of the current fiscal year 2079/80, National Hydro Power Company Limited (NHPC) reported a net loss of Rs. 2.29 Crores, compared to a profit of Rs. 3.27 Crores in the corresponding quarter of the previous year. The company’s total revenue till the end of Q3 was Rs. 2.91 crores. However,
Himalaya Urja Bikas Company Limited (HURJA) has announced that its 22nd Annual General Meeting (AGM) will now be held on 9th Jestha, 2080. The meeting was originally scheduled for 29th Poush, 2079, but was rescheduled. The AGM will take place at Arpan Banquet in Nayabaneshwor, Kathmandu, starting at 11 am on the specified day. The
The NEPSE index experienced a loss of 1.01% and closed at 1,870.65 today, dropping by 19.11 points from the previous trading day’s closing. The index had also lost 2.27 points yesterday. The trading day started with an opening index of 1,889.41 and achieved an intraday high of 1,890.34. However, it reached an intraday low of
The Securities Board of Nepal (SEBON) has accepted Himal Dolakha Hydropower Company Limited’s (HDHPC) rights selling proposal for Baisakh 12, 2080. The hydroelectric business would issue 75% right shares at Rs. 1.20 Arba to its current shareholders in the form of 1,20,00,000 (1: 0.75) units of right shares. The company’s current paid-up capital is
Laxmi Equity Fund (LEMF), a closed-end 7-year equity-oriented mutual fund scheme administered by Laxmi Capital Market Limited, showed a modest increase in NAV to Rs. 10.03 at the end of Chaitra from Rs. 9.93 the previous month. The plan started with a fund amount of Rs. 1.25 crore. Arba has invested Rs. 77.67 crores in
The NEPSE index finished at 1,892 today, down 13.68 points from the previous trading day’s close. This is a 0.72% decrease. Yesterday, the index rose 17.36 points. The index started the day at 1,907.54 and reached an intraday high of 1,913.28. In comparison, it dropped as low as 1,888.89 before closing at 1,892. Through 23,429
Mai Khola Hydropower Limited will begin issuing 12,69,411 unit shares with a face value of Rs 100 today, on the 8th of Baisakh, 2080. This IPO is expected to generate Rs 12.69 crore for the firm. This issue’s early closure date is on 12th Baisakh, and if it is not completely subscribed, it can be
Today is the last day to claim the Asian Life Insurance Company Limited (ALICL) dividend. The corporation has scheduled its 15th Annual General Meeting for the 18th of Baisakh, 2080. The meeting will begin at 11:30 a.m. that day in Hotel Classic Simara, Bara.
