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  • From Baisakh 04, Menchhiyam Hydropower will issue 934,915 unit IPO shares to the general public.

    From Baisakh 04, Menchhiyam Hydropower will issue 934,915 unit IPO shares to the general public.


     

    Menchhiyam Hydropower Limited has issued an offer letter to the general public in preparation for its Initial Public Offering (IPO).

    From the 4th of Baisakh, 2080, the company will issue 934,915 unit shares with a face value of Rs 100. The company expects to earn Rs 9.34 crore from this IPO. This issue’s early closing date is on 7th Baisakh, and if it is not fully subscribed, it can be extended until 19th Baisakh, 2080.

  • Asian Life Insurance will support the 8.947% dividend.

    Asian Life Insurance will support the 8.947% dividend.


     

    Asian Life Insurance Company Limited (ALICL) 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.

    Among the other items on the agenda, the AGM will approve an 8.947% dividend of Rs. 26.01 crores for fiscal year 2078/79. The board of directors decided today (Falgun 30) to distribute 8.50% bonus shares and a 0.447% cash dividend (for tax purposes). The value of the bonus shares is Rs. 24.71 crores, and the cash dividend is slightly more than Rs. 1.30 crores. ALICL’s current paid-up capital is Rs. 2.90 Arba.

     

  • Economic growth is expected to slow to 4.1% in 2023, with inflation remaining at 7.4%, according to the Asian Development Bank.

    Economic growth is expected to slow to 4.1% in 2023, with inflation remaining at 7.4%, according to the Asian Development Bank.


     

    The Asian Development Bank (ADB) forecasts 4.1 percent economic growth in Nepal in 2023, with inflation at 7.4 percent.

    According to the April 2023 Asian Development Outlook (ADO), Nepal’s economic growth rate is expected to slow in 2023 compared to last year due to tight monetary policy, sluggish domestic demand, the unwinding of pandemic stimulus, and persistent global headwinds.

  • The suspension of a broker license has resulted in the freezing of approximately Rs. 12 Arba in capital.

    The suspension of a broker license has resulted in the freezing of approximately Rs. 12 Arba in capital.


     

    One company applied for a stock dealer license in the previous seven months, while 45 companies applied for stock broker licenses. Nonetheless, all procedures had been halted as a result of the Supreme Court’s directive. Seven months later, the broker license has been suspended, resulting in the freezing of approximately Rs. 12 Arba in capital.

    SEBON’s revised Securities Market Operation Regulations 2064 and Securities Dealers Regulations 2064 begin the process of awarding new licenses. On Ashwin 2, 2079, the Securities Board issued a notice with a 30-day deadline to carry it out. As a result, 45 companies applied for stock broker licenses, while only one company applied for stock dealer license. Throughout the seven months

     

  • What Rawa Energy Development Prospective Investors Should Know

    What Rawa Energy Development Prospective Investors Should Know


     

    Rawa Energy Development Ltd is a public limited company that was founded as a private limited company on August 16, 2009 and later converted to a public limited company on June 28, 2019. It is promoted by businesspeople with extensive experience in hydropower and other sectors for the establishment of Hydroelectric Projects (HEP) in Nepal. In Khotang District, the company operates a 3 MW Upper Rawa Khola Small Hydropower Project (URKHP), which has been in commercial operation since September 20, 2020. The project is being built using the BOOT (Build, Own, Operate, and Transfer) model.

  • Gold is down Rs 800 from its all-time high, trading at Rs 110,200 per tola; silver is down Rs 5.

    Gold is down Rs 800 from its all-time high, trading at Rs 110,200 per tola; silver is down Rs 5.


     

    Today’s gold price has dropped by Rs. 800 per tola.

    According to the Federation of Nepal Gold and Silver Dealers’ Association’s official website, fine gold is currently trading at Rs. 110,200 per tola. Yesterday, the rate remained unchanged at Rs. 111,000 per tola. Meanwhile, Tejabi gold is currently trading at Rs. 109,650. In contrast, the rate was kept at Rs. 110,450 per tola yesterday.

     

  • NEPSE fell by 0.44% today to close at 1,866.79; only three sectors closed in the green.

    NEPSE fell by 0.44% today to close at 1,866.79; only three sectors closed in the green.


    The NEPSE index closed at 1,866.79 today, down 8.28 points from the previous trading day’s close. This is a 0.44% decrease. Yesterday, the index rose 8.39 points.

    The index opened today at 1,875.88 and reached an intraday high of 1,888.82. In contrast, it dropped as low as 1,864.51 before closing at 1,866.79.

    Through 23,388 transactions, 269 scrips changed hands. A total of 2,870,819 shares were traded, totaling Rs. 92.06 crores in turnover. This exceeds the previous trading day’s turnover of Rs. 81.6 Crores.

     

  • Chhyangdi Hydropower Company Limited has changed the right share rates from 150% to 100%.

    Chhyangdi Hydropower Company Limited has changed the right share rates from 150% to 100%.


    Chhyangdi Hydropower Company Limited has changed the right share rates from 150% to 100%.

    According to regulatory guidelines, the 93rd meeting of the board of directors of Chhyangdi Hydropower Company Ltd (CHL) convened on Tuesday Chaitra 21, 2079 agreed to issue 100% right shares on a paid-up capital of Rs. 38.67 Crores.

    Earlier, the business sought to issue right shares in the ratio of 150% of the paid-up capital, i.e. 1:1.5, after gaining regulatory permission. Yet, the decision was submitted for approval at the company’s annual general meeting.

  • Gold sets a new all-time high, gaining Rs 2000 per tola in a single day to trade at Rs 111,000.

    Gold sets a new all-time high, gaining Rs 2000 per tola in a single day to trade at Rs 111,000.


    Gold prices continue to break all-time highs. Today’s increase is due to a single-day gain of Rs. 2000 in fine gold, while tejabi gold has climbed by Rs. 1,950 from yesterday’s price.

    According to the Federation of Nepal Gold and Silver Dealers’ Association’s official website, fine gold is now trading at Rs. 111,000 per tola. Yesterday, the tariff remained unchanged at Rs. 109,000 per tola. Meanwhile, Tejabi gold is currently trading at Rs. 110,450. In contrast, the cost was kept at Rs. 108,500 per tola yesterday.

    On March 19, 2023, the price of gold reached an all-time high on the Nepali market. Fine gold cost Rs. 110,000 a tola, while tejabi gold cost Rs. 109,500.

  • Sunrise Focused Equity Fund (SFEF) Units Listed in NEPSE

    Sunrise Focused Equity Fund (SFEF) Units Listed in NEPSE


    Sunrise Focused Equity Fund (SFEF) units worth $10 billion have been listed on NEPSE. The fund initially offered just 12 crore units, however the offering was downsized due to a reduced number of applications.

    The “Sunrise Focused Equity Fund” is a closed-end fund with a 10-year maturity horizon. On the 10th of Magh, Sunrise Capital allocated its Sunrise Focused Equity Fund. Nevertheless, the close-ended mutual fund received just 10 crore unit mutual fund applications out of the 12 crores available, forcing the fund manager to decrease the fund’s corpus to Rs 1 Arba.