Tax
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.
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
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.
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.
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.
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.
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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NEPSE: Plunged 18.80 points today to settle at 1,885.60 levels, with intraday turnover remaining at Rs 82.85 crores.
The NEPSE index finished at 1,885.60 today, down 18.80 points from the previous trading day’s close. This is a 0.99% loss. Last Thursday, the index fell 15.73 points. The index began today at 1,904.94 and reached an intraday high of 1,906.66. In contrast, it dropped as low as 1,881.15 before closing at 1,885.60. Through 31,415 […]
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Mai Khola Hydropower Issues 12,69,411 Units in an Initial Public Offering (IPO) to the General Public IPO Shares Will Be Available Starting Today
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 […]
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Goodwill Finance’s net profit drops by 86.68%.
In the third quarter ending Chaitra 2079 (FY79/80), Goodwill Finance Limited’s net profit plummeted by 86.68 percent to Rs 1.99 crore, compared to Rs 15 crore the previous year. The decrease in Net Profit is attributable to a variance in other operating income, which has decreased by 46.29% due to an increase in Impairment charges […]
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