Tag: was

Neco Insurance gave 15% bonus shares to demat accounts.

Neco Insurance Limited (NIL) has distributed 15% bonus shares to its shareholders’ DEMAT accounts. The company has requested that its shareholders dematerialize their shares.

On the 15th of Magh, 2079, the company held its 27th AGM for the fiscal year 2078/79. The AGM approved a dividend of 15.79% for fiscal year 2078/79. On Mangsir 18, the 434th meeting of the board of directors decided to distribute the dividend on the paid-up capital of Rs. 1.749 Arba. There was a proposal for 15% bonus shares worth Rs. 26.24 crores and a 0.79% cash dividend (including tax) worth slightly more than Rs. 1.38 crores. The same bonus shares have now been transferred to Demat accounts.

March 30, 2023
Falgun NAV Report Is Published By Mega Mutual Fund 1; NAV Is Rs 8.25

The “Mega Mutual Fund 1 (MMF1)” NAV report for the month of Falgun has been released.

“Mega Mutual Fund 1” is a closed-end fund with a 10-year maturity period. The fund size for the initial issue was Rs. 1.25 Arba.

The fund has invested Rs. 83.86 crores in Falgun’s listed shares. Non-listed shares were worth Rs. 3.66 crores, and fixed deposits were worth Rs. 10 crores. The fund has bank deposits worth Rs. 3.30 crores and other assets worth Rs. 2.39 crores.

March 29, 2023
Today’s gold price in Nepal has risen by Rs 500 per tola, while silver has risen by Rs 10.

Today’s gold price has risen by Rs. 500 in the domestic market.

According to the Federation of Nepal Gold and Silver Dealers’ Association’s official website, fine gold is currently trading at Rs. 108,500 per tola. Yesterday, the rate remained unchanged at Rs. 108,000 per tola. Meanwhile, Tejabi gold is currently trading at Rs. 108,000. In contrast, the rate was kept at Rs. 107,500 per tola yesterday.

March 29, 2023
NEPSE closes in the green: 1.02 points higher, while turnover falls to Rs 81.62 crores.

The NEPSE index closed at 1,919.42 today, up 1.02 points from the previous trading day’s close. This is a 0.05% increase. Yesterday, the index rose 12.10 points.

Today, the index opened at 1,920.09 and closed at 1,901.62. In contrast, it reached a high of 1,922.04 before closing at 1,919.42.

Through 25,413 transactions, 258 scrips changed hands. A total of 2,539,048 shares were traded, totaling Rs. 81.62 crores in turnover. This is less than the previous day’s turnover of Rs. 1.443 Arba. This is the lowest volume since December 14th, 2022. At the time, the NEPSE index was hovering around 1800, with a turnover of Rs 72.78 crore.

March 29, 2023
Chhimek Laghubitta (CBBL) will pay a cash dividend of 3.26% to shareholders’ bank accounts.

From today (14th Chaitra), Chhimek Laghubitta Bittiya Sanstha Limited (CBBL) is delivering 3.26% cash dividends straight to its shareholders’ bank accounts and has asked them to dematerialize their shares.

On Chaitra 10, 2079, the firm had its 21st AGM for the fiscal year 2078/79. The board of directors approved a 25.26% dividend for fiscal year 2078/79. The 282nd meeting of the board of directors, held on Poush 27, resolved to give a dividend of Rs. 2.32 Arba on the paid-up capital. There was a proposal for 22% bonus shares worth Rs 51.13 crores and a 3.26% cash dividend (including tax) of Rs 7.57 crore. The same cash dividend is now paid out.

Furthermore, the corporation has asked owners to dematerialize their shares if their bank information has not been updated.

March 28, 2023
Today’s gold price in Nepal has dropped by Rs 1000 per tola.

Today’s gold price has dropped by Rs. 1000 per tola.

According to the Federation of Nepal Gold and Silver Dealers’ Association’s official website, fine gold is now trading at Rs. 108,000 per tola. Yesterday, the tariff remained unchanged at Rs. 109,000 per tola. Meanwhile, Tejabi gold is currently trading at Rs. 107,500. In contrast, the cost was kept at Rs. 108,500 per tola yesterday.

Silver has lost Rs. 5 per tola on the sidelines. The gleaming white gold is now trading in the local market at Rs. 1,355 per tola, down from yesterday’s closing cost of Rs. 1,360 per tola.

March 28, 2023
All 5 NIC Asia Capital Mutual Fund Schemes have published the Falgun Month NAV Report.

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The financial highlights for the month of Falgun have been published by NIC Asia Balanced Fund (NICBF), a 10-year close-end mutual fund scheme managed by NIC Asia Capital. The period’s NAV was Rs. 10.73, which was lower than the previous month’s NAV of Rs. 11.26.

The scheme started with a Rs. 75.50 crore fund, including seed capital from the fund sponsor. The scheme has spent Rs. 43.10 crores on listed company shares and Rs. 19.52 crores on debentures. Non-listed shares are worth Rs. 1.34 crores. The amount invested in fixed deposits is Rs. 9 crores, and the bank balance is Rs. 4.38 crores.

March 27, 2023
The NIC ASIA Laghubitta Parasi branch organizes a walkathon to commemorate the 11th Global Money Week.

Through its sub-provincial office in Nawalparasi, NIC ASIA Laghubitta has organized a rally program to commemorate Global Money Week 2023 in Parasi.

According to the media statement, the event was led by the Parasi Laghubitta Employee Forum, and participants carried placards for financial awareness.

March 26, 2023
Gold price nears all-time high; gains Rs 800 per tola today to trade at Rs 109,800

Today’s gold price has risen 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. 109,800 per tola. Yesterday, the rate remained unchanged at Rs. 109,000 per tola. Meanwhile, Tejabi gold is currently trading at Rs. 109,300. In contrast, the rate was kept at Rs. 108,500 per tola yesterday.

March 24, 2023
Aviyan Laghubitta (AVYAN) shareholders will not receive a dividend in fiscal year 2078/79.

Aviyan Laghubitta Bittiya Sanstha Limited (AVYAN) has announced that it will not pay dividends in fiscal year 2078/79.

The AVYAN Board of Directors decided on Chaitra 06, 2079, that no dividends will be paid for fiscal year 2078/79. The financial statements, however, are subject to approval by Nepal Rastra Bank and the company’s upcoming Annual General Meeting.

On Monday, the last trading price of AVYAN was Rs 65

March 23, 2023
Last Day to Apply for Menchhiyam Hydropower’s Locals IPO; Issue Closes Today

Menchhiyam Hydropower Limited has completed the distribution of 5,42,583 units of IPO shares to project-affected locals today, 9th Chaitra, 2079. The problem had begun on the 10th of Falgun, 2079.

The company’s issued capital is Rs. 54.25 crores, of which 10%, or 5,42,583 unit shares worth Rs. 5.42 crores, have been allocated to project-affected Sankhuwasabha District residents. Meanwhile, 20% of the company’s issued capital, or 10,85,167 unit shares, will be made available to the general public later. This public issue, which closed on the 25th of Falgun, allocated 10% of the shares totaling 108,517 units shares to Nepalese citizens wo

March 23, 2023
Shine Resunga Development Bank and Lumbini Bikas Bank Bonus Shares Launched on the NEPSE

Shine Resunga Development Bank Ltd (SHINE) has launched 50,28,741.99 unit bonus shares on NEPSE.

On the 25th Poush, the firm held its 14th AGM and approved a 14% dividend for fiscal year 2078/79. On the 7th of Mangsir 2079, the 266th meeting of the board of directors suggested a 14% dividend from the paid-up capital. The bank has a paid-up capital of Rs. 3.78 Arba. There was a proposal for 13.3% bonus shares worth Rs. 50.28 crores and a 0.7% cash dividend (including tax) of Rs 2.64 crores.

Today, SHINE finished at Rs. 335.90.

March 21, 2023