Tag: successful

  • Ganapati Laghubitta Bittiya Sanstha Empowers Farmers with Successful Goat Farming Training in Bardiya

    Ganapati Laghubitta Bittiya Sanstha Empowers Farmers with Successful Goat Farming Training in Bardiya


    Ganapati Laghubitta Bittiya Sanstha Limited’s Bardiya branch takes a significant stride in community development through a recently organized one-day training program focused on commercial goat farming. As part of their Development Training initiative, the program aimed to enrich the skills of enrolled members, witnessing the active participation of 31 customers. The inauguration, presided over by monitoring officer Gokarna Prasad Joshi, featured the guidance of Mr. Prabhuraj Thapa, Chief of the Training Development and Operation Department, along with the presence of Branch Manager Hikmat Dhakal. Conducted by Livestock Technical Officer Ghanashyam Tiwari, the training culminated with the distribution of certificates to participants, highlighting the commitment of Ganapati Laghubitta Bittiya Sanstha Limited to empowering its community members in the realm of commercial goat farming. The seamless coordination and facilitation of the program were skillfully managed by Assistant Lokendra Prasad Bhatta from the Operation and Simplification Branch, marking a successful endeavor towards skill enhancement and community engagement.

     

  • Prabhu Mahalaxmi Life Insurance Shares Listed on NEPSE Following Successful Merger

    Prabhu Mahalaxmi Life Insurance Shares Listed on NEPSE Following Successful Merger


    Following the successful merger between Prabhu Life Insurance Limited (PLI) and Mahalaxmi Life Insurance Company Limited, a total of 4,29,60,000 shares of the newly formed entity, Prabhu Mahalaxmi Life Insurance Limited (PMLI), have now been officially listed on the Nepal Stock Exchange (NEPSE). This significant development, sanctioned by regulatory authorities and in compliance with the Securities Listing Regulations of 2075, marks the commencement of the trading of the consolidated shares on the Stock Exchange starting from tomorrow.

    The merger agreement between PLI and Mahalaxmi Life Insurance was formalized on the 29th of Ashad, 2080. Under the terms of the merger, a swap ratio of 1:1 was established. The total listed shares for PLI stood at 21,960,000 units, and Mahalaxmi Life Insurance had 21,000,000 units. Consequently, the merger results in a combined total of 42,960,000 unit shares for Prabhu Mahalaxmi Life Insurance Limited. This consolidation is expected to have implications for the company’s presence and activities in the stock market, reflecting the integration of resources and operations from both entities.

  • NHPC Lists 25,000 More Shares on NEPSE Post-Sunkoshi Hydropower Acquisition

    NHPC Lists 25,000 More Shares on NEPSE Post-Sunkoshi Hydropower Acquisition


    National Hydropower Company Limited (NHPC) recently added 25,000 more shares to the Nepal Stock Exchange (NEPSE) following their successful acquisition of Sunkoshi Hydropower. The acquisition was carried out at a swap ratio of 1:0.25, meaning for every share of Sunkoshi Hydropower, NHPC issued 0.25 of their shares. Prior to the acquisition, NHPC had a total of 1,64,17,921 listed shares, which has now increased to 1,64,42,920 shares after the acquisition. NHPC’s closing share price today was Rs. 144.

     

  • “Listing of 21.67 Crore Laxmi Sunrise Bank Shares on NEPSE Post Merger”

    “Listing of 21.67 Crore Laxmi Sunrise Bank Shares on NEPSE Post Merger”


     

    Following the successful merger of Laxmi Bank Limited and Sunrise Bank Limited, a total of 21,670,237,900 shares of the newly formed entity, Laxmi Sunrise Bank Limited (LSL), have been officially listed on the Nepal Stock Exchange (NEPSE). The merger, which brought together two prominent financial institutions in Nepal, Laxmi Bank Limited (LBL) and Sunrise Bank Limited (SRBL), was completed at a share swap ratio of 1:1, after receiving the necessary approval from Nepal Rastra Bank (NRB), the central bank of Nepal.

    Before the merger, Laxmi Bank Limited (LBL) had a paid-up capital of Rs. 11.55 Arba, while Sunrise Bank Limited (SRBL) had a paid-up capital of Rs. 10.11 Arba. The consolidation of these two banks resulted in a combined paid-up capital of Rs. 21.67 Arba for the newly formed Laxmi Sunrise Bank Limited. This strategic merger marks a significant step in the Nepalese banking sector, combining the strengths and resources of two major players to create a more robust and competitive entity that aims to better serve the financial needs of the country.

     

  • “NEPSE Lists Shares of Merged Asha, Vijaya, and Sana Kisan Bikas Laghubitta After Successful Acquisition.”

    “NEPSE Lists Shares of Merged Asha, Vijaya, and Sana Kisan Bikas Laghubitta After Successful Acquisition.”


    Asha Laghubitta Bittiya Sanstha Limited (ALBSL) has successfully acquired Rastra Utthan Laghubitta Bittiya Sanstha Limited (RULB) and listed an additional 2,600,000 shares on the Nepal Stock Exchange (NEPSE). This acquisition was based on a 1:1 swap ratio, and the companies finalized the deal with a Memorandum of Understanding (MoU) on March 29, 2079. Before the acquisition, RULB had 2,600,000 listed shares, while ALBSL had 3,816,161 shares. The combined entity now has a total of 6,416,161 shares, equivalent to Rs 64.16 Crores in paid-up capital.

     

  • Successful Merger of United Insurance Company (Nepal) Limited and Ajod Insurance Limited: Listing of United Ajod Insurance Limited on NEPSE

    Successful Merger of United Insurance Company (Nepal) Limited and Ajod Insurance Limited: Listing of United Ajod Insurance Limited on NEPSE


    United Ajod Insurance Limited, following the successful merger between United Insurance Company (Nepal) Limited and Ajod Insurance Limited, has listed a total of 1,90,45,680 shares on the Nepal Stock Exchange (NEPSE).

    The merger agreement was signed by UIC and AIL on Poush 27, 2079. The companies agreed on a swap ratio of 82.50:100, meaning that AIL shareholders’ number of shares would decrease by 17.5% in the newly merged company. Prior to the merger, AIL and UIC had respective share capitals of Rs. 1 Arba and Rs. 1.07 Arba. However, post-merger, the combined share capital of United Ajod Insurance Limited reached Rs. 1.90 Arba.

    Following the successful merger, UIC and AIL initiated joint transactions under the name “United Ajod Insurance Limited” on Jestha 14, 2080. The opening price range for the initial transactions was set at Rs. 489.49 per share. This marked the commencement of operations for the merged entity, which now operated as a unified entity under the name United Ajod Insurance Limited.

    In summary, the merger between United Insurance Company (Nepal) Limited and Ajod Insurance Limited has led to the listing of 1,90,45,680 shares of United Ajod Insurance Limited on NEPSE. The merger was executed based on a swap ratio of 82.50:100, resulting in a combined share capital of Rs. 1.90 Arba. The joint transactions under the name United Ajod Insurance Limited commenced with an initial open price range of Rs. 489.49 per share.

  • After successful merger, 8.02 crore unit shares of Himalayan Life Insurance (HLI) listed on NEPSE for trading.

    After successful merger, 8.02 crore unit shares of Himalayan Life Insurance (HLI) listed on NEPSE for trading.


     

    The merger between Gurans Life Insurance Company Ltd. (GLICL), Prime Life Insurance Company Limited (PLIC), and Union Life Insurance Company Limited (ULI) has resulted in the creation of Himalayan Life Insurance Limited (HLI). The merger agreement was signed on Ashad 29, 2079, with a swap ratio of 1:1:1. After the merger, a total of 80,203,837 shares of HLI have been listed on the Nepal Stock Exchange (NEPSE), making it the largest merger in the country’s life insurance sector. The individual shares of GLICL, ULI, and PLIC were 25,365,630 units, 23,428,550 units, and 31,409,657 units respectively.

     

  • IGI Prudential Insurance Limited Lists 30,293,347 Shares on NEPSE

    IGI Prudential Insurance Limited Lists 30,293,347 Shares on NEPSE


    Based on the information provided, it appears that after the merger between IME General Insurance Limited (IGI) and Prudential Insurance Company Limited (PICL), a new entity called IGI Prudential Insurance Limited was formed. The merger agreement was signed on Magh 27, 2079, and the swap ratio was 1:1.

    Prior to the merger, IGI had a total of 18,037,506 listed shares, while PICL had 12,255,843 listed shares. After the merger, the total number of shares listed on NEPSE for IGI Prudential Insurance Limited is 30,293,347 shares (18,037,506 + 12,255,843).

    On Baisakh 27, 2080, IGI Prudential Insurance Limited commenced joint transactions with an open price range set at Rs. 370.82 for the first transactions.

  • Listing of 41,840,000 Shares of Sanima Reliance Life Insurance Limited (SRLI) on NEPSE

    Listing of 41,840,000 Shares of Sanima Reliance Life Insurance Limited (SRLI) on NEPSE


    Sanima Reliance Life Insurance Limited (SRLI) has recently listed 41,840,000 shares on the Nepal Stock Exchange (NEPSE) following a successful merger between Reliance Life Insurance Limited (RLI) and Sanima Life Insurance Company Limited (SLI).

    The merger agreement between SLI and RLI was signed on 29th Ashad, 2079. Under the terms of the merger, the swap ratio was set at 1:1. Prior to the merger, SLI had a total of 20,840,000 listed shares, while RLI had 21,000,000 listed shares, resulting in a combined total of 41,840,000 unit shares after the merger.

    After the merger, SLI and RLI began operating jointly under the name Sanima Reliance Life Insurance Limited (SRLI) starting from Chaitra 09, 2079. Consequently, the listed shares of SRLI will be traded on the NEPSE under the symbol “SRLI.”

    For the initial transactions, the open price range for SRLI shares has been set at Rs. 391.88. This range represents the price at which the first trades of SRLI shares will take place on the NEPSE. It is important to note that the actual traded prices may vary based on market conditions and investor demand.

    The listing of 41,840,000 shares of Sanima Reliance Life Insurance Limited on the NEPSE marks a significant milestone in the merger between SLI and RLI. It signifies the consolidation of their operations and the creation of a unified entity that will provide insurance services under the SRLI brand. Investors and shareholders can now actively participate in trading SRLI shares, leveraging the opportunities and potential offered by the merged company in the insurance sector.

  • Sagarmatha Lumbini Insurance Company (SALICO) Lists 26,226,382 Shares After Merger of SIC and LGIL

    Sagarmatha Lumbini Insurance Company (SALICO) Lists 26,226,382 Shares After Merger of SIC and LGIL


    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, resulting in a 20% decrease in the number of LGIL shareholders. After the merger, the total listed shares of SIC and LGIL combined amounted to 26,226,382 units.

    Following the successful merger, SIC and LGIL began conducting joint operations under the name Sagarmatha Lumbini Insurance Company Limited (SALICO) starting from Falgun 29, 2079. Consequently, the listed shares will be traded under the symbol “SALICO.”

    The opening price range for the initial transactions has been set at Rs. 599.12.