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SEBON Approves 11% LBBL Debenture 2089; Bank Will Soon Issue 10 Lakh Unit Debentures 1
Business | Market | Economy Dividend

SEBON Approves 11% LBBL Debenture 2089; Bank Will Soon Issue 10 Lakh Unit Debentures

  On Baisakh 10, 2080, the Securities Board of Nepal (SEBON) authorized the “11% LBBL Debenture 2089”. Lumbini Bikas Bank Limited (LBBL) plans to issue 10 lakh unit debentures at Rs 1000 per unit. For a period of ten years, the bank will give an interest rate of 11% on the debenture. Four hundred thousand […]

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From Baisakh 19, Ghorahi Cement Industry will provide IPO shares at a premium price to Dang District residents and Nepalese working abroad. 3
IPO | FPO

From Baisakh 19, Ghorahi Cement Industry will provide IPO shares at a premium price to Dang District residents and Nepalese working abroad.

  Ghorahi Cement Industry Limited (GCIL) has issued an offer letter to provide an Initial Public Offering (IPO) to Dang District residents and Nepalese people living overseas. The initial public offering (IPO) for locals and Nepalese citizens working abroad will take place from the 19th of Baisakh to the 2nd of Jestha, 2080. It should […]

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PLIC and ULI Promoter Shares Converted; Promoter-Public Shareholding Ratio Changed To 51: 49 5
NEPSE NEWS

PLIC and ULI Promoter Shares Converted; Promoter-Public Shareholding Ratio Changed To 51: 49

  Prime Life Insurance Company Limited (PLIC) unit promoter shares have been converted to ordinary shares, bringing the company’s promoter-to-public share ratio to 51: 49. The company currently has 3,14,09,657 unit shares listed on NEPSE.Similarly, the shareholding structure of 60% promoters and 40% public has been altered to 51% promoter shares and 49% public shares. […]

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The deadline for life and non-life insurance companies to raise capital to Rs 5 billion has passed. 7
Business | Market | Economy

The deadline for life and non-life insurance companies to raise capital to Rs 5 billion has passed.

On the 10th of Chaitra 2078, the Nepal Insurance Authority directed that life insurance businesses have a minimum paid-up capital of Rs. 5 Arba. The Insurance Board also encouraged non-life insurance companies to increase their paid-up capital to Rs. 2.5 Arba by the end of Chaitra 2079.    

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The NEPSE Index Ends the Day with a 0.14% Gain; IPO Stock KDL Has Its First Red Day Ever 9
NEPSE NEWS IPO | FPO

The NEPSE Index Ends the Day with a 0.14% Gain; IPO Stock KDL Has Its First Red Day Ever

The NEPSE index closed at 1,888.32 today, up 2.71 points from the previous trading day’s close. This represents a 0.14% increase. Yesterday, the index fell 18.80 points. Today, the index opened at 1,885.77 and closed at 1,875.14. In contrast, it reached a high of 1,891.87 before settling at 1,888.32.  

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The application deadline for the "Citizens Super 30 Mutual Fund" has been extended till Baisakh 20. 13
Business | Market | Economy

The application deadline for the “Citizens Super 30 Mutual Fund” has been extended till Baisakh 20.

Citizens Capital Limited has extended the deadline for the general public to invest in the mutual fund scheme “Citizens Super 30 Mutual Fund” until the 20th Baisakh, 2080. The problem began on the 6th of Baisakh and was intended to end today, the 10th of Baisakh, 2080. However, because the problem manager did not get […]

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Modi Energy will issue 59,94,420 unit IPO shares to the general public beginning in Baisakh 19. 15
IPO | FPO

Modi Energy will issue 59,94,420 unit IPO shares to the general public beginning in Baisakh 19.

  Modi Energy Limited has sent an offer letter to the general public in preparation for its Initial Public Offering (IPO). From the 19th of Baisakh, 2080, the firm would issue 59,94,420 unit shares with a face value of Rs 100. This IPO is expected to generate Rs 59.94 crore for the firm. This issue’s […]

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Today's gold price in Nepal has dropped by Rs 900 per tola. 17
Gold | Silver | Forex

Today’s gold price in Nepal has dropped by Rs 900 per tola.

In the domestic market today, fine gold has lost Rs. 900 per tola, while tejabi gold has lost Rs. 850 from yesterday’s pricing. According to the Federation of Nepal Gold and Silver Dealers’ Association’s official website, fine gold is now trading for Rs. 109,300 per tola. Yesterday, the cost remained unchanged at Rs. 110,200 per […]

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Karnali Development Bank reports a net profit of Rs 1.7 crores in the third quarter. 19
Business | Market | Economy

Karnali Development Bank reports a net profit of Rs 1.7 crores in the third quarter.

Karnali Development Bank Limited (KRBL) has released its unaudited quarterly report for the fiscal year 2079/80’s third quarter. The firm recorded a net profit of Rs. 1.7 crores, compared to a net loss of Rs. 1.92 crores in the same period last year. When compared to the same quarter last year, the company’s deposits fell […]

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