Tag: targeting

Revival of Real Estate Expo: Unveiling Trends, Solutions, and Innovations in Nepal’s Property Market

The Nepal Land and Housing Development Association has announced the revival of the ‘Real Estate Expo,’ scheduled to run for four days starting Thursday. The event, previously halted since 2076 due to the COVID-19 pandemic, is expected to provide valuable insights into the current state of the real estate industry, along with addressing its challenges and solutions.

Bidur Dhamala, President of the association and Coordinator of the Fair Coordinator Committee, highlighted the expo’s role in contributing to the development and expansion of the real estate business. The event aims to bring together businesses and consumers involved in scientific, orderly, and safe land development and urbanization for construction.

The association envisions the expo as a platform where significant contributors to the real estate sector can showcase their latest products and services, fostering information exchange and networking. With a target turnover of 2.5 arba rupees during the four-day fair, the event will feature 60 stalls representing earthquake-resistant houses and apartments, land planning and development, construction material manufacturers and sellers, engineering and architecture consultants, as well as banking and insurance companies.

Businesses specializing in electrical goods, furniture, pipes, sanitary ware fittings, paints, vehicles, decorative items, and insurance, banking, and architecture will participate in the expo, displaying their products and offering related consulting services.

The ‘Real Estate Expo’ is poised to be a significant event for industry stakeholders, providing a platform for collaboration, knowledge-sharing, and showcasing the latest advancements in the real estate sector.

December 28, 2023
Prabhu Life Insurance and Mahalaxmi Life Insurance Merge, Unveil Logo

Prabhu Life Insurance and Mahalaxmi Life Insurance have recently introduced the logo for the merged entity that will result from their ongoing merger process. This joint unveiling signifies an important step in the consolidation of these two life insurance companies. The logo will be utilized once the merger process is successfully completed.

The combined entity will have a strong presence in the market with a total of 167 branches spread across the nation. Additionally, the merged company will benefit from a dedicated workforce consisting of 449 employees. The consolidation aims to leverage the synergies and strengths of both companies to create a more robust and competitive entity in the insurance industry.

Upon completion of the merger, the combined paid-up capital of the merged entity is expected to reach Rs. 429.6 crore. This increased capital base will enhance the financial stability and capacity of the new company to better serve its customers.

Furthermore, the merged entity is also considering floating a Further Public Offering (FPO) with a target of raising Rs. 90 crore in premium collections. This initiative demonstrates the company’s intent to further strengthen its financial position and expand its operations.

The introduction of the logo and the plans for an FPO highlight the ambitious vision of Prabhu Life Insurance and Mahalaxmi Life Insurance in shaping the future of the merged entity. This merger aims to create a stronger and more competitive player in the insurance industry, with an enhanced ability to offer comprehensive insurance solutions to individuals and businesses across the nation.

June 19, 2023
Workshop on ‘Road to IPO’ Equips Corporate Houses with Legal and Financial Insights

Collaboratively organized by NIBL Ace Capital Ltd., Express Services Private Limited, and Pioneer Law Associates, a workshop titled “Road to IPO” was held to educate corporate houses about the IPO process from legal and financial perspectives. Dynamic Techno Soft Pvt. Ltd., as a sponsor, prominently displayed its banner during the event. The workshop took place on Monday, May 8, 2023, at Clark Resort in Birgunj.

Mr. Anup Raj Upreti, Managing Partner of Pioneer Law Associates, and Mr. Sachindra Dhungana, Deputy General Manager of NIBL Ace Capital Limited, served as presenters for the session. CA Subhash Khandelwal and CA Pradeep Kushwaha played crucial roles in the successful implementation of the program.

The workshop delved into various topics related to IPO, focusing on legal aspects, corporate governance, capital structure, IPO pricing, size, timeline, and methods. Participants from different corporate houses gained valuable insights into the different aspects of IPO.

May 14, 2023