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NIC Asia Bank Announces Book Closure and AGM for 30.5% Dividend Distribution
NIC Asia Bank Limited (NICA) has announced important dates and details regarding its upcoming Annual General Meeting (AGM) and dividend distribution. The bank has set the book closure date for its 30.5% dividend from Ashwin 16 to Ashwin 28. Additionally, NICA has scheduled its 26th AGM for the 28th of Ashwin, 2080, to be conducted […]
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NEPSE Index Records 1.13% Gain in 4-Day Trading Week with Increased Volatility
During the past week, the Nepal Stock Exchange (NEPSE) experienced four days of trading activity due to a holiday on Wednesday. The week concluded with the NEPSE index closing at 2,029.78 points, reflecting a gain of 22.72 points, which translates to a 1.13% increase. In comparison, the previous week had seen the index closing at […]
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Siddhartha Capital’s 12th AGM: Financial Reports, Dividend, and Auditor Appointment on Agenda
Siddhartha Capital Limited (SIDCL) has announced its 12th Annual General Meeting (AGM), scheduled for the 25th of Ashwin, 2080 (October 12, 2023). The meeting will convene at Siddhartha Capital’s headquarters in Naxal, Kathmandu, commencing at 4 pm on that day. The AGM will address several key agendas, including the endorsement of financial reports for the […]
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NICA Promoters Auction 500,000 Shares to General Public and Institutions
The current promoters of NIC Asia Bank Limited (NICA) have initiated an auction process for the sale of 500,000 units of their promoter shares. This auction is open to interested promoter shareholders as well as the general public and institutions. The auction period runs from the 4th Ashwin to the 10th Ashwin of the year […]
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NEPSE Index Surges by 2.23% Fueled by Hydropower Sector Growth
During today’s trading session, the NEPSE index posted a notable gain, closing at 2,029.78 points, which marked an impressive increase of 44.34 points or 2.23% compared to the previous day’s closing. This upward momentum follows a recent surge of 16.24 points on Tuesday, contributing to a cumulative gain of 64.84 points over the last three […]
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Mahuli Laghubitta Bittiya Sanstha Proposes Further Public Offering (FPO) to SEBON
Mahuli Laghubitta Bittiya Sanstha Limited (MSLB) has submitted a formal proposal to the Securities Board of Nepal (SEBON) to initiate a Further Public Offering (FPO). The company’s aim with this FPO is to issue 475,449 additional shares, raising a total of Rs. 47,544,915 in capital. Similar to an Initial Public Offering (IPO), the general public […]
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Nepal Observes Constitution Day with Public Holiday and NEPSE Closure
The Government of Nepal has declared a public holiday today, which falls on the 3rd of Ashwin, to commemorate ‘Constitution Day.’ As part of the holiday observance, the Nepal Stock Exchange Limited (NEPSE) will remain closed for trading. Normal trading activities on NEPSE will resume on Thursday, the 4th of Ashwin, 2080, starting at 11:00 […]
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Securities Board Approves Citizens Bank’s 10% Bond Offering for 2080
The Securities Board of Nepal has granted approval to Citizens Bank International Limited’s ‘10% Citizens Bank Bond 2080.’ This regulatory clearance was given on the 29th of Bhadra, 2080. The ‘10% Citizens Bank Bond 2080’ offering consists of a total of 30 lakh units, with each unit having a par value of Rs. 1,000. Out […]
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NRB Governor Discusses Power Export and Hydropower Sector Development with IPPAN
Maha Prasad Adhikari, the Governor of the Nepal Rastra Bank (NRB), has emphasized that Nepal’s trade deficit could be effectively addressed if the country could export power worth Rs 130 billion annually. In a meeting with the office-bearers of the Independent Power Producers’ Association, Nepal (IPPAN), Governor Adhikari highlighted the potential of power export as […]
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Gold Prices Surge by Rs. 500 Per Tola in Nepal, Silver Also Sees Gains
Today, the price of gold in Nepal has seen a notable increase, rising by Rs. 500 per tola. According to information provided by the official website of the Federation of Nepal Gold and Silver Dealers’ Association, fine gold is currently being traded at Rs. 113,000 per tola. This marks a rise from yesterday’s rate, which […]
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